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We have had periods in our history where our money has received its value from different sources. What are commodity money, commodity backed money and fiat money? What are the positives and negatives of each type of money.
Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run.
Expalin why is private property, and the protection of property rights, so critical to the sucess of the market system.
Elucidate what does the US government hope to achieve through the use of its antitrust policy.
Explain with the aid of a diagram what happens to the money supply, money demand, the value of money, and the price level if people demand less money at every price level.
As sitting in your office one evening, you begin to think about some of the key microeconomic messages you need to communicate to the Board.
Estimate the costs of such things as rent, gasoline, food, etc. in your local area and decide how far the amount of money shown in the chart would go in taking care of a family of four.
The appropriate techniques to determine if there is evidence of global warming, and if so, is CO2 the cause of it?
How would a downward change in the money supply affect someone personally How would it effect a person's career What impact would rational expectations have on a person's decisons in this situation
Which fiscal policy choices are preferred, by an individual who prefers a small public sector (limited role for government), for solving inflationary and recessionary gaps?
What do Tom's indifference curves relating Hamburgers (horizontal axis) to Hot-dogs (vertical axis) look like Graph and explain the shape of your indifference curves. Do these indifference curve imply that Tom will only eat hamburgers
Compute and contrast the international financial organizations that play major roles in NAFTA and Latin-American Integration Association
Production Possibilities Tables for Germany and Canada (note that we are assuming that opportunity costs remain constant along the production possibilities frontier), and that each country produces only these two products).
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