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Q. 1. Elucidate what impact on quantity demanded and supplied for cars will be if oil costs rise to $200 per barrel. Illustrate what about if extreme recessionary conditions prevail?
2. federal government has decided to adopt a free trade agreement on cars imported into Australians in six months time. Elucidate how you think this will affect cost and quantity demanded and supplied of imported cars into Australia before free trade agreement is applied and after it is applied.
3. Previous coalition federal govt. introduced legislation called work choice which substantially changed long-standing industrial relations laws in Australia. in 2009 fair pay legislation replaced work choices. Briefly describe both se laws and outline Illustrate what you perceive would have been/are likely to be effects of se changes.
Illustrate what adjustments are required for China to rebalance its current account. Illustrate what risks are inherent in such adjustments.
Guess as to illustrate what might be the four industry concentration ratios for corn growers in the United States
There is a potential entrant, who needs to pay a sunk cost of f to enter in this market. Firms may produce any quantity that does not exceed its capacity.
Suppose the legislature enacts minimum wage legislation in order to provide workers with a "living wage.
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.
Find Equilibrium GDP (Y). If potential GDP is 1950, is the economy in a recessionary or inflationary gap. Suppose that the MPC, falls to 0.75, so C = 0.85DI. Find Equilibrium GDP.
Illustrate what are the opportunity costs for the manager of being in this business relative to returning to his old job. What is the economic profit of the business.
Compute the opportunity costs of going to each concert. Based on the Cost-Benefit Principle, which concert is the best choice.
Suppose the government increases G to 1250. Compute private saving, public saving, and national saving and the new equilibrium interest rate.
Illustrate what effect this could have on the price of cigarettes also the quantity of cigarettes sold
Offering group medical coverage to large firms and requiring all employees to participate in the coverage.
What was the accounting profit for the new business. What was the economic profit or loss. Explain your calculations for both questions.
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