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Suppose GDP was constant over a period of years and yet living standards increased. Which of the following might not be a reason for this?
a) There might be an increase in household production.
b) There might be an increase in production by the underground economy.
c) There might be an increase in exports.
d) There might be an increase in leisure.
As an economist, you have been asked to address a meeting of a group of international professionals to explain the differences between microeconomics and macroeconomics and to provide real-world examples. Please create a PowerPoint presentation of 5–..
1) Why are Cost Minimization and Profit Maximization on paper the same but in application different 2) What are movie subsidies and why are they more inefficient than other government aided investment 3) Why do Green laws undermine the idea of deflat..
Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and he is willing to trade 2 fish for every 1 coconut that you are willing to give him. Another neighbor, Kwame, is also a fisherman, a..
Distinguish between ongoing demand pull and ongoing cost push inflation. Carefully draw them. Why might it be difficult to establish the extent to which a given rate of inflation is either demand pull or cost push?
Prevent the occurrence of contractions in output and employment if used sensibly,such as following a fixed monetary growth rate rule 5.stabilize the business cycle over time
if companies in the automotive industry are considering a merger with another automotive company, what complexities would arise under this scenario of expansion of capital projects
Many important economic theories develop as a result of particular economic crises facing societies. Can you locate any such cases with Thomas Malthus, David Ricardo, and Karl Marx?
A. What is the level of industrial concentration in the automobile industry B. What economic incentives can be used to reduce the cost of health care C. What policies would be recommended for stimulating national economic growth D. What are the suppl..
Consider the following interaction between two entrepreneurs (players 1 and 2) who are working on a joint project, and a venture capitalist (player 3) who is a potential investor in the project. First, player 1 decides whether to devote high or lo..
In some of these countries, there have been moves to privatize the economy by selling state companies to private owners. Would the countries have borrowed more or less if their economies had been privatized earlier?
Draw a graph with y on the horizontal axis and Delta L on the vertical axis, showing the relationshipbetween income per capita and population growth in Twilightia. Derive the relationship between population (L) and income per capita (y). (Hint: reme..
Economic, Political and Contagion should the United States should be worried about what is happening in small countries such as Greece why or why not
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