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Ahmed works as an accountant in a government run business where he was placed after graduation. State which type of economic system his country is following and give a reason for your answer. Answer in full sentences.
If you were the Prime Minister of the United Kingdom, in terms of cultural identities. What do citizens of your country (united kingdom) have in common with the migrants? Is there pressure (economic, political, religious) on your to accept migrants i..
Explain how each of the following developments would affect the supply of money, the demand for money, and the interest rate. For each case, show what happens in a closed economy and in a small open economy.
Suppose the economy starts with output at potential. Then a supply shock occurs: oil prices rise sharply. What could monetary policy makers do to minimize the resulting recessionary gap (Hint: explain using the the AD and AS framework; no need to dra..
Read the article by David Author entitled "Why Are There Still so Many Jobs?". Then write a 300-450 word essay (around 1.5 to 2 double spaced typed pages) that (1) discusses five items you found of interest and (2) for each item, identify whether tha..
There are two firms in the market that produce pencils. The first firm’s marginal cost curve is given by MC1 = 0.055Q, while the second firm’s marginal cost curve is MC2=0.026Q. Society's benefits are given by 250-4.71Q. What is the consumer surplus ..
Using a required reserve ratio of 10% and assuming that banks keep no excess reserves, which of the following scenarios produces a larger increase in the money supply, explain why. Someone takes $1000 from under his or her mattress and deposits it in..
Find out the optimal crude oil allocation in the preceding example if the profit associated with fiber were cut in half, that is, fell to $.375 per square foot.
Suppose demand and supply are given by Qd =60 - P and Qs =P - 20. (L03, L04). a. What are the equilibrium quantity and price in this market?
The Legal Environment: Business Law and Government Regulations Include an Overview and Conclusion as to what was covered and learned through these weeks
Choose one US company that has expanded globally over the past 10-20 years (e.g. google, amazon, Ethan Allen).
How to show effects on consumer/producer surplus by opening up to trade?
The United States, with about 300 million people, accounts for about 5% of the world population, but it accounts for over 20% of the world GDP and consumes over 20% of global resources. This means, on a per capita basis, Americans consume more than m..
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