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What determine the quantity of corn we grow, homes we build, and health care survives we produce. Sixty years ago farm output was 5% of the total US production now it is 1 percent.
Describe the opportunity cost of good 1 in terms of good 2. Find out the opportunity cost of good 1 at the point where x1=1.
Elucidate if our current U.S. economic conditions are more consistent with the Keynesian or classical economic theories.
Tariff and non tariff barriers exist in all nations, either independently or as part of a multicountry integrated economy. Present arguments that defend the use of trade barriers and arguments against the use of trade barriers.
The curve that is traced out when we keep indifference curves and the budget line constant and change the price of good X is:
Explain how one of the components of the GDP would help you to predict the amount of inventory to keep in stock if you were the owner of a retail store and were placing a merchandise order for the next few months.
Explain what actions you would recommend to the key players and/or policy holders. Explain how the above analysis supports your conclusion
Describe why population growth has such a negative impact on economic growth in Malthusian and Neoclassical growth models.
In a market structure where firms are mutually interdependent, price competition is not common. Explain using the game theory matrix, with relevant assumptions, how firms make decisions when they behave collusively and non-collusively. In the abse..
The table below shows the market basket quantities and prices for the base year year 1.Base year 1 Price in price Quantity base year yr 2 Product.
Suppose you hold a corporate bond that is convertible into the firm"s stock. Stock prices are falling and interest rates are also falling. Would it be a good idea to exercise your conversion option under these conditions? Why?
Suppose that the quantity of money in circulation is fixed but the income velocity of money doubles. If real GDP remains at its long-run potenial level, what happens to the equilibrium price level?
Explain why dose not raise in aggreate demand translate into an increase in real GDP.
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