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Assignment:
1. Then, offer at least three suggestions to what the authors propose on how you would further improve the measurement of GDP. (These are to be your own proposals, your own ideas, if you repeat what the author uses, that is not answering the question.)
2. This article is now almost 20 years old. Is it still current? Why or why not? Explain yourself. (If the GDP is Up, Why is America Down?by Clifford Cobb, Ted Halstead, and Jonathan Row is the article)
Explain the concept of Price Discrimination in a single and multiproduct environment. Explain in detail with a suitable example.
If the needs return on the stock is 13 percent, what is the present share price.
What impact will an unanticipated increase in the money supply
Production procedures elucidate the law of increasing opportunity costs.
Suppose the total demand from all current consumers for a given good is estimated by econometricians to be p = 60 - 2q (this is called "inverse" demand function, since it's written as if prices are functions of quantity demanded).
A change in reserve needs of depository institutions is the policy tool most frequently used through the Federal Reserve to influence economic activity
Do you think an international policy restricting currency trading amongst arbitraguers and speculators will prevent monetary problems in the future?
Your management staff needs a better understanding of factors that would inhibit implementation of a Quality Assurance program at their hospital.
Assume the market for computer chips is dominated by two firms: Intel and AMD. Intel has discovered how to make superior chips and is considering whether or not to adopt the new technology.
Master Card has a series of cute commercials that list a series of accounting items and costs leading to a priceless product. Cell phones are often advertised as being free. In economics, it is said that nothing of value is either free or priceles..
Denote the Cournot quantity for each firm by qa, and denote half of the monopoly quantity by qb. Suppose that the two firms interact with each other for infinite periods,
Determine the impact on each of the following if a 2 million formerly unemployed workers decide to return to school full time and stop looking for work:
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