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Japan was recently replaced as the second largest economy in the world by China. Why do you think this is and what are the implications of this change?
Can Economic Analysis be used as a tool to discover truth and to assist in solution of concrete/major problems in an organization. How.
When the possibility of collusion exists in a duopoly, but both firms cheat after colluding, how will their actual profits differ from their expected profits?
Compare these results to those predicted by the equilibrium business cycle model developed by Barro throughout the text.
There are two general methods that governments use to sell mineral rights to the private sector. One is production royalties where the private firm promises to pay a certain amount (or percentage of revenue) each year for the length of contract.
If the gains from trade are exhausted or will be, why do individuals trade at all? Aren't individuals better off with gains rather than having their gains?
What percentage of students at the college have a GPA between 2.2 and 3.2?
Under the factors that government spending is cut, and taxes increase. how would you argue it positively.
For each of the following, indicate if the person would be classified as employed, unemployed, or not in the labour force and why
Suppose demand for a good is QD = 50 - P and supply is QS = -10 + P. How much is the producer surplus? How much is consumer surplus?
Consider a monopoly where the inverse demand for its product is given by P = 50 ? 2Q. Total costs for this monopolist are estimated to be C(Q) = 100 + 2Q + Q2. At the profit-maximizing combination of output and price, deadweight loss is:
Why do think the U.S. government should be concerned? Should the government be equally concerned, if it were a surplus?
What is the demand for money when the interest rate is 1% and 5%? b. What will be the impact on the demand for money if the nominal income declines by 20%?
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