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Provide your own definition of "opportunity cost". Discuss what the opportunity cost of attending college is for you, noting that the concepts of opportunity costs and explicit monetary costs are not the same.
Utilizing fully explained indifference curve analysis, derive a demand curve for a product.
Trade barriers (quotas and tariffs) are often used to protect domestic workers. Explain how the use of such barriers creates higher unemployment rather than protecting it.
The price elasticity of demand is the: a) ratio of the change in price to the change in quantity demanded.
The GDP of an economy can be measured in 3 ways. which are these ways?
An economist has estimated that, near the point of equilibrium, the demand curve and supply curve for bonds can be estimated using the following equation B: Price= -2/5 quantity + 940 Equation 1 B: Price= quantity + 500 Equation 2 a.
Compute the short-run equilibrium levels of output, consumption and investment. If the central bank raised the interest rate to 6%, compute the new level of output.
Discuss the limitations of this model as an explanation of the effects of government expenditure on GDP.
Consider the Bertrand model with no product differentiated in which each firm has a positive and fixed sunk cost F and zero marginal cost. What are the equilibrium prices and profits? Illustrate your result on a proper diagram.
Explain when an economy ever pursue a contractionary fiscal policy.
Comparing which is the current quote has the Japanese dollar appreciated or depreciated.
Discuss the impacts of multinational corporations on host regions in developing countries. Explain canada's changing patterns of a)economics structure or b)trade and the state.
You manage a US based company that makes shoe laces that you sell in a highly competitive marke
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