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Draw a graph showing the supply and demand for hybrid cars before and after an increase in the petrol prices.
What do you predict will happen to the price of hybrid cars as the price of petrol rises?
You are the general manager of the Red Dog mine, which is the sole operator in Alaska selling copper. You have a maximum of S =1,000 tons available to sell this year and next year, and the demand for copper will be constant at p q = ? 1,000 each year..
Can we use Ms Access to prototype Desktop or Web Based Applications?
Explain the nature of trade and benefits to people from trade. Discuss comparative advantage, specialization and gains from trade.
Explain how the changes in the prices of goods in part a, and the change in the exchange rate might influences the RBA.
What are the benefits and challenges when implementing Industrial policy? How does comparative advantage relate the implementation of industrial policy?
Assuming that the economy is below full employment, demonstrate the effects of an increase in government spending of $300 versus a decrease in taxes of $300 on output/income and interest rates. Assume that the MPC in the economy is .65. Show results ..
The Australian government is concerned about inter-generational equity problems. Key problems arise from a larger number of older retired people being supported by a smaller workforce of young people, and from ever increasing budget deficits to be pa..
Vaccinating people against a communicable disease such as influenza not only reduces the chances that the person vaccinated will catch the disease but also reduces the probability that an epidemic of the disease will occur. Which of the following ..
As Vice President of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force ( from its current level of 60 national salespeople). You are considering hiring from 5 to 10 additional pe..
Matt sells watermelons on the side of the road. The weight of a watermelon has a normal distribution with mean = 9.5 lbs and the standard deviation = 4 lbs
Expenditures that do not vary with the level of real GDP are called:
Between 2007 and 2009 the U.S. economy experienced a severe recession. In an effort to stimulate the economy, the federal government passed a stimulus package. Explain the federal government’s use of fiscal policy (the stimulus) to promote growth and..
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