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Consider the continuous decline in oil price that has hit most of the oil producing economy across the globe, and members of Organization of Petroleum Exporting Countries (OPEC) will be having their meeting by 15th December 2016. As an economic expert, kindly advice OPEC on what needs to be done in order to reverse the continuous decrease in oil price (Note: Support your answer with the required graph)?
A new production technology for making vitamins is invented by a college professor who decides not to patent it. Thus, it is available for anybody to copy and put into use.
As per much of the rest of the world remained characterized by low rates of economic growth.
Policy makers are considering adoption of a deficiency payment program. Find the optimal size of government subsidy G (where G = Ps - Pd), when the government objective, or policy objective, is to maximize:
Illustrate what is your prediction about the economic health of each economy over the next few years.
Go to the US Bureau of Labor Statistics at (http://stats.bls.gov) or check othersources and get the following statistics for January 2007 and January 2013 (Youwill find it in a file called employment status of civilian populations; Look in thenot ..
There are two types of borrowers, A and B. They each need a $10 loan but the bank cannot observe type. Type A always repays her loan but Type B only repays his loan with probability 0.82. If the bank figures that each type is equally likely to ..
Explain how fiscal policy is different from monetary policy, including who implements these policies, the goals of each policy, and problems with or limits on those policies.
Compute the total revenue, the total cost, and the profit at the end of each year if the hospital continues to use the traditional method for surgical operations.
Using the aggregate demand-aggregate supply model, predict what happens in the short run when there is a general decrease in raw materials cost.
Suppose that Rob and Big both raise animals and sell them. Because Rob and Big have different talents, they have varying abilities to raise these animals.
What are your predictions for the US economy over the next two years? Use the macroeconomic models you have learned to present a reasoned answer. Explain your assumptions clearly.
Using FP Growth Algorithm, construct an FP tree for the dataset presented in question 1. Again, assume minimum support of 40%. For items with same support, use alphabetic order to sort.
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