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You want to make a career in fashion design. The local fashion design house is offering an unpaid summer internship that would give you valuable experience. Your alternative to the internship is to earn $8,000 working in a cake shop. How would you decide which job to take? Would a decision to take the internship contradict the conclusion that the labor supply curve is upward-sloping?
Explain how would you respond to this question. Explain how might the bank tie in the concept of utility maximization into the campaign.
Create a graph that shows Price on the Y-axis and Q demanded and Q Demanded and Q supplied on the X-axis.
Suppose a population variable is normally distributed with mean 2 and variance 2. That is, Y ~ N(2, 2). i. Use Stata to draw a random sample of size n = 100,000 from this population ii. Compute the mean of the sample y bar
Describe the role of Banking and Financial Intermediaries in the economy and how banks create money through lending, as well as the Deposit Expansion Multiplier.
In this note we lay out some details regarding the term paper and some basic guidelines of how to approach the project. We do not want to impose strict rules, so have in mind that we expect that you exploit your creativity and interests.
Describe the relationship between unemployment and real and nominal wages. Which is more important and why What effects would either an increase or decrease in unemployment have on wages
The price level of a basket of goods in 2002 was $64.00. The price level of that same basket in 2003 was $68.00. If 2002 is the base year, what was the price index in 2003?
What will be his optimal consumption choices of beer and cheese given the original prices of Pb=$2 and Pc=$5 and income =$500? How much income is spent on beer? How much on cheese?
Select an economic problem in Malaysia and critically evaluate the fiscal policy measures that were used to overcome that problem.
How could marginal analysis have been used in 1984 when the tragedy took place at the union carbide in India where the plant released 40 tons of a toxic gas.
Explain how does the money multiplier differ when currency holdings are zero, compared to when currency holdings are greater than zero.
Comparing U.S. trade with Canada and India, is trade with Canada more likely to be based on comparative advantage or economies of scale? Why? How about India?
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