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If you were having a conversation with a Keynesian and a Classical economist, and the conversation turned to why the economy is experiencing high unemployment and what the government should do about it, how would each economist explain unemployment and what policies would each advocate?
Elucidate the six costs associated with inflation and evaluate which if any of the costs are important for the average consumer.
Graph these data using "dollars" on the vertical axis and "quantity" on the horizontal axis. At what output is revenue maximized?
Mr. Shanku has borrowed dollars in the US but is now concerned regarding its currency risk. What alternatives does he have to limit his risk.
Select a U.S. multinational company. In terms of currency denomination, discuss how the firm prices its revenues and costs.
The subsiquent table provides how the number of security guards affects the number of guards affects the number of radios stolen per week.
The MorTex organization assembles garments entirely by hand even though a textile machine exists which can assemble garments faster than a human can.
Illustrate what accounting tools also reports would you use. Use the Library and internet to re-explore value chain management.
Tom earns $15 per hour for up to 40 hours of work each week. he is paid $30 per hour for every hour in excess of 40.
Given the table of marginal utilities for CD's and century books, calculate the optimal quantity and total utility at equilibrium. Draw Sarah's budget line for part a and her budget line for part b on the same graph.
Explain why might the unemployment rate tend to actually underestimate the unemployment problem, especially during a recession.
Evaluate: "The fact that some airplanes collide is evidence there is 'too little air traffic control'." (Be sure to explain what too little might mean.)
Elucidate current global economic and political policies and their impact on business decisions. Apply critical thinking skills to analyze business situations
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