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Identify the incentives to produce and price the product for a traditional monopoly and natural monopoly. Is it best for society, i.e., does society receive more welfare, to have natural monopolies provided by a private firm or by the government? Explain using examples such as the U.S. Post Office.
If you assume that the forward rate is a predictor of the future spot rate, does it suggest that the Dollar should have appreciated or depreciated from 2001 to 2002? (round to nearest integer)
Now suppose that policy makers like to increase national income. Which of expansionary fiscal policy and expansionary monetary policy is more effective to achieve the policy goal? Explain with the IS-LM model.
Elucidate this point of language so that it is understandable to someone untrained in economics.
Do comparision with the economics of the two following service producing alternatives.
when walmart locates in a smaller town, often the local retailers hardware, clothing and appliance are unable to successfully compete and are driver out of business why does walmart have a cost advantage over its competitor and charge lower prices
Explain how would you evaluate this forecast for your firm.
You are told to produce a quantity that maximizes profit. How many units do you produce and what is your profit? How many machine and labour hours are used in production?
Illustrate what are the major macroeconomic goals of all societies.
What will be the effect of this change in policy on both the real and the nominal interest rate in the long - run?
There are accurate statments about the debt problem in LCDs EXCEPT that is in some countries, debt is greater that GDP or else.
What is the relationship among Japan and Korea's unemployment. What Trends do you see in the data set.
What is the equilibrium price and quantity. Illustrate what will sales be if the price is dropped to $20.
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