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Investigate the Venezuelan economy. What is their current situation with price increases in that country? In other words, what is their inflation picture today? Explain some possible reasons for their situation.
What is likely to happen to the supply of any good when a price ceiling is imposed?
Compare and contrast the difference between dynamic (intertemporal) efficiency and static efficiency with respect to non-renewable resources. What are the efficiency conditions for each? What costs reflected in the inter-temporal analysis are not cap..
In Akerlof’s lemons problem, with symmetric information, suppose that 5 cars are available in equal quantity and with quality levels 0, 1, 2, 3, and 4. Suppose the sellers have a reservation price of $2,000 per unit of quality, and the buyers value c..
Let’s say that there are many non-traded goods relative to traded goods. You are comparing the income of a rich country to the income of a poor country. For the poor country, do you expect PPP-adjusted income to be higher or lower than income calcula..
The student could also have earned $15,000 by getting a job instead of attending college and 10 percent interest on expenses he or she incurs at the beginning of the year. Calculate the explicit, implicit, and the total economic costs of attending..
Elucidate what would be the P and Q in a competitive industry. Find CS and PS for a competitive industry and a monopoly. compare them.
You have been employed as an Economist to advise the Department of Health and the Federal government about the following issue. What would be the effect of increasing the number of medical operations of those people suffering from cancer related t..
Identify which of the following are discrete decisions and which are extent decisions and provide explanation. What discount should be given on products during the upcoming holiday sale? How should you do it? How should the profit generated from the ..
If an Italian investor sells U.S. government securities to a U.S. buyer, how will this item be entered in the balance of payments?
Elucidate exactly Illustrate what the government actually did and why this merger is not occurring.
If marginal utility is declining over a period of time during which the consumption of a good is occurring, If two goods have the same price, then
During the summer of 2011, General Motors (GM) had trouble selling pickup trucks. According to an article in USA Today : General Motors dealers had a 122-day supply of Chevrolet Silverado and GMC Sierra pickups in June, more than 50% above what’s con..
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