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The U. S. and the World economy are still in a period of slow growth and high unemployment. Soon, we will be in another election year, does the Political Business Cycle still exist? Do incumbent politicians utilize their power and influence to get re-elected? Is this a valid use of political power? How does this impact business firms? Discuss.
At least 150 words
What does this change show about how our understanding of the way the price system works to allocate resources has evolved? If "excess profits" are taxed away, where will oil companies get the money to fund new exploration and ..
A profit-maximizing business incurs an economic loss of $10,000 per year. Its fixed cost is $15,000 per year. Should it produce or shut down in the short run? Should it stay in the industry or exit in the long run?
Debit cards allow an individual to transfer funds directly in a checkable account to a merchant without writing a check. How is this different from the way credit cards work Are either credit cards or debit cards money Explain.
1. calculate the present value of each of the following future paymentsa. a 10000 lump sum received 1 year from now if
As long as all resources are fully employed and every firm in the economy is producing its output using the best available technology, the result will be efficient.”Do you agree or disagree with this statement? Explain your answer.
Compute the equilibrium price and quantity. Describe why the output and price levels are different for X1 and X2. Explain what occurs to consumer surplus, producer surplus, and deadweight loss.
Select a product you have purchased in the past month from a clothing or shoe store. Explain how each of the four factors contributed to the elasticity of the good.
An improvement in soft drink bottling technology and an increase in the prices of sugar and high- fructose corn syrup.
describe two industry average ratios and explain how a companys management might use the information. what factors
considering the constrained consumer choice problem for two normal goods explain the process by which the consumer
suppose that the demand for microeconomics textbooks at gsu is given byqd 10000 - 25pand that the supply of
what are the advantages and disadvantages of a weak versus a strong dollar for imports exports international and
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