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What are the major institutional changes that take place with economic development? Are these institutional changes causes or mere correlations of growth? Or is growth a cause of institutional change?
The electric power industry is held up in the article as an example of a natural monopoly. Brainstorm other examples that can be readily identified in the present market economy.
Estimate the relative importance of economies of scale and comparative advantage in causing the following:Much of the world's most expensive wine comes from France.
Is stability in the general level of prices through time important? Why or why not? Should price stability be the goal of monetary policy? Explain your responses.
Illustrate what are equations for IS and LM curves. Illustrate What is equilibrium level of income and interest rate.
Assumes the perfectly competitive firm is in long-run equilibrium also there is an rise in Demand
Suppose that in year 2008, the money supply is $400 billion, nominal GDP is 9 trillion, and real GDP is $4 trillion. Illustrate what is the price level. What is the velocity of money.
Economies of scale can be quickly exhausted not everyone wants to ‘shop' from same ‘store' size can also mean diseconomies of scale if focus Is lost and conflict of interest what matters to shareholders is profitability not Challenges (contd.) Do..
Assume that the nation of spain is ''small'' and unable to influence the brazilian world price of steel.Spain's supply and demand schedules are illustrated in table 6.11 .Assuma that Brazil's price is $400 per tons of steel.Using graph paper,plot the..
find marginal cost of last unit produced. What is firms percentage mark-up of price over marginal cost.
Illustrate the effect of increasing Government spending on all the macro-economic variables assuming a horizontal AS curve.
Government encourage a decision to expand? How would it affect the reputation of the business?
Find equilibrium price and equilibrium quantity by solving equations mathematically. Suppose a Research study is published showing that koby beef increases risk for a heart attack resulting in a reduction of 150 pounds of koby beef consumption per..
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