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Canada, the United States and Mexico are clearly separate countries. Does this fact alone imply a lower standard of living in each of the three countries compared to the situation where they are united into a single new country.
Illustrate what are the impacts of an easy monetary policy on the price-level and real output
Select a U.S. multinational company. In terms of currency denomination, discuss how the firm prices its revenues and costs.
Given table of data comprising real GDP and its components over a number of years, compute compound annual percentage changes in real GDP (economic growth) and compute the shares in real GDP of consumption.
Illustrate what role does economics play in your personal decisions and or those of your organization.
Use the demand curve to help you calculate the number of DVDs rented per month and the amount of consumer surplus derived at a rental price of $5.
Elucidate the liquidity trap is presently stopping the Japanese economy from recovering.
Illustrate what does the term "Recession" mean and how do we know when one occurs. How does government intervene to move the economy out of a recession.
Using above demanded schedule, find out the elasticity of demand for each price change. (Example: when price changes from $5 to $10, quantity demanded changes from 1000 to 800 oz., so the elasticity of demand, by using average values, is 1/3 or 0...
Assume government imposed a minimum wage above what otherwise would be the equilibrium wage rate for this segment.
Show graphically the amount of the change that is due to the substitution effect and the amount of the change that is due to the income effect.
Global Widgets Corp is a manufacturing company that builds standardized galvanized metal benches for sports arenas and stadiums-Do you think one of these firms would be more likely to benefit from a de-centralized decision making organizational arc..
Illustrate what were some of the major contributing factors and how did they combine to cause the recession. How were you affected by it.
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