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What is the importance of consumer preferences? How does it affect demand?
Explain what was happening to the economy in terms of the AS/AD model, including what would need to happen to bring us out of the "recessionary gap". In other words, using the AS/AD model as a starting point, explain the economic situation of 2008..
As an employee of the World Bank, you have been asked to research 1 economic concern in a South American country and write a report on your findings.
What is the most important characteristic of monopolistic competition? How do firms behave differently from perfect competitors? What are the implications of having a large number of firms in a monopolistically competitive market?
Identify and discuss the tests used to determine whether a law complies with the equal protection clause?
Why can't all the balance of payments accounts be in surplus? What factors determine the demand for British pounds in foreign exchange markets
According to the rule of 70, how long will it take for your income to double if you get a 5 percent raise every year? If you start work at the age of 23 earning $40,000 per year and get a 5 percent raise every year, how much will you be earning if yo..
Suppose that the software market currently has only one firm operating - microhard. A new firm Newvell could enter the industry.
What are the needs of big companies presently. Do you think it is paying higher salary so people will be more motivated.
The quantity theory states that the impact of money on nominal GDP can be determined without details about the aggregate demand curve, so long as the velocity of money is predictable.
In the signaling model, assume high school graduates are paid a stream of income whose present value is $200,000. College graduates are paid a stream of income whose present value is X. College education costs higher-productivity wo..
Globalization and global trade have led to increased competition in world markets and increased allocation of scarce resources. Is it accurate to say that this is contributing to increased consumer surplus and reductions in inflationary pressures.
tuition is s= 60,000; he can earn w= $10K as a part-time waiter in college; the interest rate is r= 10%; and he anticipates earning w= $144K after he graduates. If, instead, he does not enroll in college, then he will earn wn= $45K per annum duri..
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