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Drawing on your knowledge of the theory of demand and supply - supplemented by appropriate media reports - explain what has been happening to the price of gas in Australia over the last ten years.
If the European Central Bank pursues a contractionary monetary policy, what will happen to the value of the U.S. dollar? Specifically, will the dollar appreciate or depreciate. Include the relevant graph and a brief explanation. You must use the asse..
Which of the following would be the BEST method to assign the appropriate privileges?
Maria is a single mother. Every week she has 100 hours available to split between leisure and work. If she works, she can earn 20 dollars per hour. Write down the equation for her budget constraint and illustrate it with a graph.
Ceteris paribus, an increase in output (Y) causes the real money demand to {INCREASE, DECREASE, NOT CHANGE}, resulting in the real money demand curve to {SHIFT UP, SHIFT DOWN, NOT SHIFT}. As a result, at the new equilibrium in the asset market, the r..
Suppose the equation for the demand curve for some product (X) is P = 8 - .6Q and the supply curve is P = 2 + .4Q. What is the equilibrium price and quantity? Now, suppose an excise tax is imposed on good X such that the new supply equation is P = 4 ..
Create a program that simulates a standard Cash Register that meets the following requirements: Stores separate sales tax rates for food and non-food item. The rate for the food items will be 3.5% and non-food items will be 7%. The program will pro..
Long-run competition. Much of the cost of a new smart phone is in the research and development and in building manufacturing facilities. By contrast, the marginal cost of producing another phone is relatively low. You have been hired by Apple to reco..
Using your answers above, why does the growth rate of real GDP differ depending on the base year? Explain how the technique of Chain-Weighted Real GDP alleviates this problem.
Make a business plan of a mini golf, with actual real numbers and information, like i was going to build one
Several states mandate that school district boundaries follow county lines, while other states allow several school districts to locate in the same county. Assume that county size is approximately the same in both of these groups of states. Think abo..
Graph the effects on the savings inter-temporal budget constranit. You are required to use the graphical representation of the llifecycle model's inter-temporal budget constraint. Assume a progressive tax system with 2 tax brackets are applicable for..
The price of oil has fallen into the range of $45-$50 dollars per barrel, down from over $90 per barrel just a few years ago. Explain the likely impact of this price decrease on the market for gasoline and the market for small cars
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