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Q1. Predict what would happen to the equilibrium price of marijuana if it were legalized. Use demand & supply analysis to answer. Provide verbal and graphical explanation.
Q2. Which of the following refers to the process of dividing the total market into several groups with similar characteristics?
Q3. Analyze a situation in which both parties entering into a contract could benefit, economically or otherwise, from slightly ambiguous language contained in the contract. Provide specific examples to support your response.
The trade or business of manufacturing dolls and accessories
What was the accounting profit for the new business. What was the economic profit or loss. Explain your calculations for both questions.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
Clarke's workers are highly skilled artisans with a great deal of job mobility. What impact would the wage increase have upon the firm's employment.
The impossible trinity refers to the idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.
Determine the cost to the government of buying firms unsold units
What data the organization needs in order to make good decisions and how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.
Analyze the USA financial meltdown that happened in 2008-2009. This crisis was partially caused by the reward systems that were in place for participants in the financial system. Identify the major participants in the financial system.
Illustrate and explain the movement of the aggregate demand and aggregate supply curve both in the short and long run.
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