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The soccer league in 1 community has 5 teams. You are required to predict, in order, the top 3 teams at the end of the season. Ignoring the possibility of ties, calculate the number of different predictions you could make. What is the probability of making the correct prediction by chance?
Calculate real GDP in each year using 2010 as the base year. Present your results in a table by adding a column titled "Real GDP, blns" to the right of the above table. Calculate the percentage change in nominal GDP and real GDP (add two new colu..
Find an article from the media (internet, newspapers, magazines, etc.) on a current event that addresses an economic concept (e.g., consumption, saving, investment, real GDP, marginal propensity to consume, income multiplier, etc.). Write a one t..
One person-day of labor produces: China 9 rice 3 computers India 4 rice 2 computers a) Does any country have an absolute advantage If so, which one b) For India, what is the resource (or opportunity) cost of rice (R) in terms of computers (C), and C ..
Elucidate how each of the following will affect the consumption and saving schedules (as they relate to GDP) or the investment schedule.
One of the key features of the law that created the Federal Reserve System was that the Fed was to remain autonomous from the influence of the President and Congress. Recently, there have been calls that the Fed lose autonomy and even eliminated a..
Organization where the market demand is given by QD = 1,500 - 40P, in the long-run equilibrium there will how many firms.
A local market for three bedroom rental units is depicted by the following demand and supply equations;
What would happens to Hi-Tech's profits and the price of books in the short run when Hi-Tech's patents prevents other firms from using the new technology.
Explain the neo-classical theory of trade and show the difference between this and the classical approach, as wellas the similarities
Determine the main effects and differences of short term economic policy management and long term management?
What is the "current macroeconomic situation" in the U.S. as of 2013 (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies and monetary policies would be appropriate at this time
Derive the AS relationship for this economy and what are the natural rate of the unemployment and natural level of output and derive the IS relationship for this economy.
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