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Nature and Scope of Economics
Q1. What is the difference between Micro and Macro economics?
Q2. What type of economic system does Canada have? Explain by giving examples
Q3. Compare Canadian economy with the economy of USA and give merits and demerits.
Q4. Why do you think Central problem arises? What other steps can be taken to solve them in an economy?
Q5. Take example of your own business and/or job. Prepare a business cycle / economic cyclic fluctuations chart
Some of these homes have fireplaces, some have garages, and some have neither. A breakdown is provided in the two-way classification table below.
Compare and contrast two companies that serve the HIT (Health Information Technology) market when a health care organization needs to turn to the market for applications, infrastructure, or services (for example, McKesson, Cerner, Siemens, CSC, Pe..
If I spent all my money ($450,000) on a new house I could buy a house with 4500 square feet. I settle for a 1500 square foot house. (Each square foot costs the same.) The day after I close the deal a nearby nuclear power plant is condemned and the va..
Why is economics a science of choices? Explain the kinds of choices confronting workers and employers in labor markets. Distinguish between microeconomics and macroeconomics.
If the population of Argentina was 26.5 million in 1960 and the average population growth rate is 0.6 percent per year, then Argentina's population would have been about ______ in 2000.
We studied how the Reserve Bank of Australia (RBA) can influence the money supply in the Australian financial market. Answer each question briefly.
Calculate dollar rates of return on a deposit 10,000 pounds in a London bank in a year when interest rate on pounds is 10 percent and dollar/pound exchange rate moves from 1.50 dollars per pound to 1.38 dollars per pound.
An investment, which is worth 22,000 dollars and has an expected return of 15.75 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected in 1 year from today and the last annual cash flow..
If demand and supply simultaneously decrease, which of the following will Always occur:
For the sake of argument (and this assignment) assume that global warming is a fact, caused by human activity, and that it can be fixed by taxing producers for the amount of carbon they release. The problem is that this tax would greatly increase cos..
What are the external effects ( externalities ) and why they can lead to inefficiencies and government intervention in the markets. Why are some government policies to manage external effects effective ( efficient ) while others are inefficient ( ine..
What choice did you make with your money or time? Why did you make that choice?
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