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Question: Now think about an oil-importing country. What is the likely immediate effect of the news (about the drop in global oil prices) on the oil-importing country's inflation? How would the news therefore change the expected course of action by the country's central bank? Explain.
Explain how can we calculate the elasticities of demand from a demand function, and elasticities of supply from a supply function.
Explain why the payoff matrix in indicates that firms A and B face the prisoners' dilemma. from the following payoff matrix, where the payoffs are the profits or lesses of the two firms, determine (a) whether firm A has a dominant strategy, (b) wh..
Note that the first set of numbers represents the various incomes; whereas the second set of numbers represents the number of people earning each of these incomes. For example, in Avataria there are 50 people with the income of $100, 25 people wit..
Describe the effect of this loss on the loanable funds market. What will happen to the demand for loanable funds? Why? What will happen to the supply of loanable funds? Why? What will happen to interest rates?
Advanced technology digalized theEDG read out and the demand for the old style machine dropped. The drop in demand resulted in a demand resulted in a demand curve of P=3900-.15Q. What waas XYZ's optimal output and priving policy given this change in ..
Conduct an Internet search to identify recommendations for how patient confidentiality should be handled. In your assignment, include the following:
Explain how cross-price elasticity of demand is relevant to a firm being investigated for antitrust violation. If you were the chief economist for this firm, would you want to show a high cross-price elasticity or a low-low cross price elasticity ..
What is meant by the natural level of income and employment? Why is the long-run aggregate supply curve vertical at the natural level?
Are retail gasoline prices essentially equilibrium prices? Why or why not? In most markets, are prices typically at the equilibrium? Why or why not? What might keep prices from moving to the equilibrium?
Pick a real-life rm that bundles products in some way. Describe how this pricing function is a form of price discrimination; in other words, why do some consumers effectively "pay more" for a particular product than other consumers do? Why is it a..
Part 1: Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year.
When solving real-world financial budgeting problems, why do you think the allocation of public funding is such a political process?
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