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Find an article in a business magazine or journal (paper or online) and first summarize the facts presented in the article and then relate these facts to some microeconomics or macroeconomic concept that you discovered in the reading. Identify and distinguish microeconomic analysis from macroeconomic analysis; also identify and distinguish any positive economic analysis from any normative economic argument.
Explain how would each of the following theories of comparative advantage explain the fact that the United States exports computers.
Suppose that the car manufacturer allows the car dealer to return all unsold cars at the end of a recessionary year. What is the car dealer's profit in a growth year and in a recession? What is their expected profit?
For ever of the situations, decide whether Al has increasing, constant, or diminishing marginal utility.
Elucidate impact will an unanticipated increase in the money supply have on the real interest rate, real output, and employment in the short run.
What is the difference between the real interest rate and the nominal interest rate? How would not knowing the difference effect perceptions of the economy and affect people's decisions?
Assume that Jim goes to work at age twenty-five, earns an average $40,000 a year for 40 years. He inherits $320,000 when he starts working. He expects to live to be 75.
Compute the elasticity of demand in going from 2 unit to 3 units. Is the demand elastic or inelastic in this range.
Use the following information for a perfectly competitive firm and the profit-maximizing input-combination rule to identify how many workers firm will employ to maximize profits.
Illustrate what would be a good company with a product or service that would be worthy of further exploration down the line and why.
If the reserve ratio is 15 percent and commercial bankers decide to hold additional excess reserves equal to 5 percent of any newly acquired checkable deposits, then the relevant monetary multiplier for the banking system will be:
Suppose that yi receives $ 60 per day as interest on inheritance and her wage is $25 per hour, and she can work a maximum of 16 hours per day at her job. draw her daily budget constraint.
Due to the slow down economy, it is expected that there will be .7 million additional workers who will lose their jobs next month. Determine the expected unemployment rate for next month?
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