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Is this microeconomic or macroeconomic?
1. "More workers are being hired by the nation's businesses."
2. "The U.S economy imported more goods and services than it exported last year."
3. "New discoveries in medicine are lading to strong growth in the biotech industry."
3. Comment on the statement from an opportunity cost perspective: "The main cost of going to college is the $15,000 per year in tuition." Suppose that a person could have earned $30,000 a year if the person did not go to college.
Given the global economy, increase of emerging economic superpowers such as China and India, and challenges to remaining competitive in a global world, do you think that American federalism remains relevant?
South Korea is one of the major beef importing countries. With no international trade, Korea's equilibrium price for beef was $10 million per kilo tonne and equilibrium quantity was 30 kilo tonne.
If leisure is a normal good, the Laffer Curve can have an inverted U-shape only if leisure and consumption are (at least at some point) sufficiently substitutable such that the substitution effect (on leisure) outweighs the wealth effect (on leisu..
You should comment on the success and/or failure of its approach and implementation as stated in the text and posted readings and how it may have modified its organization, supply or marketing over time given changes in its markets
What is the change in the number of unemployed people in this particular month and what is the change in the number of employed people in the same period?
Presume that the value of the potential money multiplier is equal to 8 compute the needed reserve ratio ___%. (Enter your response as a percentage rounded to one decimal place)
What is the price of money? Hint: interest rates. How are interest rates determined?
The demand and supply equations in a market are given as Q = 30 - 2P and Q = 10 + 2P. If the government imposes a tax of $0.50/unit on the suppliers,
what are the advantages and disadvantages of using import-substitution to accomplish industrialization rather than
What is a monopolistic competitive firm Given the same resources with a firm in a perfectly competitive industry, how could output and prices (of output) be different for both firms
Reference Paul Bohannan's work among the Tiv, and explain the consequences of the appearance of money on Tiv modes and spheres of exchange. Secondly, what critiques have been brought to bear on Bohannan's explanation
did monetary policy contribute to the economic crisis of 2008? why or why not? how did monetary policy makers respond
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