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If you travel around the world, you will see tremendous variation inliving standards of the people. The world's poor countrieshave average levels of income per person, that are less thanone-tenth the average levels in the world's rich countries
What is one significant consequence of fractional reserve banking Banks are vulnerable to "panics" or "bank runs." Banks can only lend an amount equal to its deposits. Banks hold a portion of their deposits in gold. Banks can serve the withdrawals..
Problem - Income Elasticity of Demand, Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5
The nominal GDP in 2000 was $672 billion and $1,690 billion for 2010; the real interest rate was 6.79% in 2000 and 3.71% in 2010; the 2000 deflator was 24 and 51 in 2010. What is the real gain?
Describe what economists mean when they say government purchases are 'exhaustive' expenditures whereas government transfer payments are 'nonexhaustive' expenditures.
A possible international monetary regime consists of a world central bank conducting monetary policy and issuing a single currency used throughout the world. Elucidate what would the advantages and disadvantages of such a system be.
Consider the following simple economy the produces only three goods - 2000(base Year) / 2009 - what is the Real GDP in 2009.
What opportunities and threats does the French market offer to Iliad (FreeMobile)? What generic strategy discussed in the module is Iliad adopting through its FreeMobile strategic business unit?
How does the market adjust in the long run when firms are earning short-run economic profits? How does this affect the short-run supply curve?
Write a paper about Pros and Cons of Managed Care in America. Even though this is not a scientific writing assignment, and is mostly creative in nature, references are still very important.
The U.S. trade deficit is currently running over $50 billion per month. Explain why this is bad for the country in the long run. Compare the view of the older GATT treaty, and more recently, the World Trade Organization, of how trade deficits sho..
What is the equilibrium Price and Quantity in the market - Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.
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