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Economic Activity: Read 2 newpaper articles. Economics is all around us. Find a newspaper for example, the Wall Street Journal, Financial Times or New York Times and turn to the business section.
1. Find an article on the macro economy (inflation, employment, economic growth). Write a 250 word summary of the main points of the article.
2. Next, find an article on the micro economy (consumers, family finance, business, firms, corporations, industries). Write a 250 word summary of the main points of the article.
3. After you have summarized both, choose one of the articles and answer the following questions. What do you think the article suggests about the state of our economy? Do you agree or disagree? State your reasons why. (150 words)
You and a friend are in an Italian restaurant and the owner offers both of you an 8- slice pizza under the following conditions: each one of you must simultaneously announce how many slices you would like to have (i.e., each player i is belong {1,..
Should the measure of imports used in the GNP (or GDP) accounts therefore be defined to include only imports of final goods and services from abroad? What about exports?
Describe why the demand curve facing a monopolist is less elastic than one facing a firm that operates in a monopolistically competitive market.
Characterize the long run equilibrium of a perfectly competitive industry in which average costs are U-shaped as output increases, under both restricted and free entry.
Comprising an evaluation of the impact of past and current fiscal policies, monetary policies, budget deficits or surpluses on the economy and on the airline industry industry.
economists sometimes use concentration ratios to evaluate whether industries are oligopolies. In this application, you will make your own determination using the most recent data available. You will also discuss the merits and disadvantages of oligop..
(1a.) Considering all prices, plot the market transactions for widgets.( b.) What is the price elasticity of demand for widgets when the price goes up from $20 to
An investor wants to earn a yield of 9% from a 10,000 bond with a coupon rate of 6% payable semiannually. The bond's life is 10 years, and it was issued 4 years ago. The eighth payment will be made immediately after the purchase. What is the ma..
The component sells for $20 each. Calibrated's current capacity is 10,000 units per week. For the last few months, however, the company has been receiving new orders at a rate of 14,000 units per week, and now has a substantial backlog. The com..
Discuss this week's objectives with your team. Include the topics you feel comfortable with, any topics you struggled with, and how the topics relate to your field.
Assume that there are two power generating plants that emit SO 2 (sulphur dioxide). In the absence of regulation they each emit 10 tons of pollution per month.
In a double-spaced document, briefly explain the author's purpose for writing the article. One way to understand the author's purpose is to ask yourself why he or she wrote it. (For example, consider current and future events, politics, or anythin..
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