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Gross Domestic Product (GDP) is the broadest measure of output for an economy.
However, GDP does not perfectly measure well-being of a nation and its citizens' welfare. Discuss what GDP is and what it measures?
Discuss what the shortcomings (limitations) of GDP as a measure ofwell-being and welfare of a nation are?
Describe both free and restricted trade. What do you feel are the benefits and the cost to having free trade? What are the benefits and cost to having restricted trade?
1. john earned 100000 last year and paid 10000 in income taxes. mark earned 50000 last year and paid 5000 in income
Given the following series Yt, Answer the following questions and round to 2 decimal places. A. What is the forecast for period 9 using a five-period moving average B. Use simple exponential smoothing with a smoothing average of 4 and a starting va..
unemployment is costly to employers employees and the economy as a whole. what are some explanations for the
Comment briefly on the similarity of Netflix's pricing strategy with the Pricing Strategy for substitute products that you learned in Chapter 12. Has Netflix been successful with this strategy?
A. Find the forecast value of the mutual fund for the month of June, using a naive model. The value for December 2008 was 19.00 B. Forecast the mutual fund price for January 2010 using a 3 period moving average model. ROUND ANSWERS TO 2 DECIMAL PLA..
Using economic analysis, contrast the relative merits of the following measures that may be employed to control pollution: taxes, legal regulatory limits and tradeable emissions permits.
Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4 , and w = 36 ? What is the long-run total cost function when r = 4 and w = 36?
Potato farmers in Montana raise about 7 percent of total output. If these farmers enjoy bumper crops (10 percent greater harvests than normal), is this likely to have much effect on price? On Montana farmers' incomes?
Suppose your product is Wendy's hamburgers. First "draw" the demand and suppy curve and see how the equilibrium price and quantity is determeined.
Which price constitutes firm 2's optimal commitment strategy? Justify your answer and explain why it makes sense.
Determine which of the labeled points are Pareto Efficient. Be sure to explain why you claim each point is or is not Pareto Efficient - Draw an indifference map representing
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