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In any economy there are millions of individuals and institutions and to reduce things to a manageable proportion they are consolidated into three important groups; name them down.
Explain two effects of an adverse technological shock on the labor market and on the output market - explain two effects of an adverse technological shock on the labor market and on the output market.
Use the multiplier to indicate how a decrease in investment of R50 will affect the GDP. Show all caluclations. Illustrate this on a graph
Question 1: Using supply and demand analysis, explain and illustrate graphically the effect of the following situations. Population growth surges rapidly; The prices of resources used in the production of good X increases;
There are many reasons why nations trade with each other and many different theories explaining trade flows between nations. Many economists believe that unrestricted free trade between nations will raise the economic welfare of countries that par..
Explain what is meant by a recombining binomial tree. State the advantage and disadvantage of using a recombining tree [vis-à-vis a non-recombining tree] to model share price movements?
Discuss and explain the relationship between Japan and Korea's unemployment? What Trends do you see in the information set?
Suppose that the government raises the minimum wage and in doing so causes real wages to increase throughout the economy. What would be the effect on the micro economy in relation to the quantity demanded of labor and the quantity supplied of lab..
Shaniq buys only soda and pizza and is buying the amounts that maximize her utility. The marginal utility from a soda is 30 and the price of a soda is $2. The marginal utility from a slice of pizza is also 30. The price of a slice of pizza must be
Explain how many hours of labor should XYZ hire each day to maximize its profits.
If the marginal product of the second worker hired by a firm is 14 units and the price of a unit of output is $7 regardless of the quantity of output sold, then the marginal revenue product of the second worker is?
1. name three other providers of urgent care services. emergency departments urgent care clinics and walk-in clinics
1.Commercial hotels cater chiefly to business travelers on the move and that's one reason why the term "transient hotel" is also used for this designation.
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