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As an worker of the world bank you have been proposed to research the requirements of a country with a particular economic concern. For this project choose a nation and an economic concern such as population, unemployment etc. Search the library and internet for data sets for the concern that you have chosen. Select a second country and find data sets for the same concern that you identified in part 1. Answer the following questions:- Where were you able to find data sets?- What is the relationship between the variable that you selected and the economy.- What trends do you see in the data sets?
Support your assertions of trends with statistical evidence.
A monopoly is manufacturing a level of output at which price is $80, marginal revenue is $40, average total expenses is $100, marginal cost is $40and average fixed cost is $10.
Explain how does the economist's use of the term rent differ from everyday usage.
Elucidate the trend over the past few years. What stage of the Business Cycle would the U.S. economy be in currently given the trends
They produce fewer pounds of choice meat per carcass. More than a third of the animal is ground up into buffalo burger, meat too lean to make good patties.
Illustrate what economic policy should be adopted by regions with persistent economic problems.
Using the exchange rates and prices in the tables above:
Compute the incremental gain Fluff Rite would earn by customizing its poppers and marketing directly to retailers.
Illustrate what are the benefits of free trade. Who are the winners and losers when the government imposes tariffs and quotas.
Elucidate how the Law of Diminishing Marginal Product results in u-shaped average cost curves, both Average Total Cost (ATC) and Average Variable Costs.
Theory Galbraiths of consumer demand has an important implication in terms of underallocation of resources to public goods.
Compute total revenue, marginal revenue, marginal cost, and average total cost of this natural monopoly. What is the profit maximizing output and price for this natural monopoly when the government does not regulate it?
Assume the population over age. Elucidate what would be the measured unemployment rate.
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