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1. Find the flaw in the following forecast:"In 2006 we predict that the demand curve for handheld PC's will continue to shift leftward, which will tend to lower price and quantity.however, with a lower price, supply will also decrease, shifting the supply curve to th eleft. A leftward shift of the supply curve tends to raise price and lower quantity sold . we conclude that as 2006 proceeds, quantity sold will decrease but the price of hadn held pc 's may either rise or fall what is the mistake inlogic in the forecast?Explain
2. Suppose you own a barbershop/saloon. You are considering lowering the price of either haircuts or alcoholic drinks .The actual elasticity of demand for haircuts is 1.36 and for alcoholic drinks is 0.62. which price should you lower.Explain
3. A tariff I ssimply a tax on imports. Use our model of the excise tax (with diagram) to expain why domistic firms request that tariff? Consider both the domestic and the foreign country in your answer
An essay on Market imperfection associated with negative externalities.
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
Describe the effects of monetary policies on the economy's production and employment.
Human service interactions in terms of macro systems-communities and organizations. Empowerment is basically a process to assist people groups, families and communities, individuals, to use their strengths to overcome their challenges.
What is opportunity cost? Explain with the help of an example, why assumption of constant opportunity cost is very unrealistic? Explain law of demand with the help of a demand schedule and demand curve.
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Which of the followings tends to occur during recessions Cyclical unemployment tends to fall The stock markets tends to surge (experience a rapid rise in prices) Interest rates tend to fall Gross Domestic Product rises Consumer ..
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?
What will be the effect of this change in policy on both the real and the nominal interest rate in the long - run?
Discuss the relationship between each of the following variables based on the experience of U.S. economy over the past 30 years.
Perfect competition guarantees allocative efficiency. A profit-maximizing monopolist can never be allocatively efficient.
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