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Discuss how opportunity costs relate to Japan's cleanup efforts after the devastating earthquake/tsunami of March 2011. Begin the discussion by defining "opportunity costs." Then make a list of actions the Japanese government must accomplish to restore the economy and provide health and safety to the citizens. Keep in mind the limited resources available and priorities of each restorative action. What are the opportunity costs of each action?
Suppose the following information for a country: total population, 500; population under 16 years of age are institutionalized, 120; not in labor force, 150; unemployed, 23, part-time workers looking for full time jobs.
Use an AD-AS diagram (draw and scan or create on your computer) to show the short run and long run effects of using the policy you chose.
Money is an interesting topic and there is much to learn that is not common knowledge regarding how we create money, especially money that is just printed!
Illustrate what happens to the dollar price of the dinar. Does the dinar appreciate or depreciate relative to the dollar.
"When a cold snap hits Florida, the price of orange juice rises in supermarkets throughout the country." b. (When the weather turns warm in New England every summer, the price of hotel rooms in Caribbean resorts plummets." c. "When a war breaks ou..
What happens to his consumption of Y? Calculate the coefficient of price elasticity and of cross price elasticity. Also draw the demand curves for X and Y, noting the equilibrium points for this consumer before and after the price change in X.
Utilizing the Solow Growth Model describe long-run growth in an economy. Explain why an economy should strive to reach its golden rule steady state level.
Explain how does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns.
Assume that you're a member of the Board of Governors of Federal Reserve System. The economy is experiencing a sharp decline into a recessionary phase of the business cycle.
Springsten Music Corporation earned $820 million last year and paid out 20% of earnings in dividends. By how much did the company's retained earnings increase?
Suppose the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound of money supply.
Suppose that in the market for comic book illustrators the substitution effect dominates the income effect While visiting Comic Con.
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