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Problem
1. Why might voters have a very different economic perspective on the immigration of skilled labor such as physicians than would professional groups such as the American Medical Association? What should the role of Congress be in this dispute?
2. If two countries form a common market (no trade barriers or barriers to factor movements), why is it difficult to predict the nature and level of trade between them in the long run?
Assume the following nonlinear demand function Qd = 100 - 2 √ P- At what price is the price elasticity unitary?
Burger Doodle is the fast-food restaurant that processes average of 680 food orders each day. Evaluate the average product cost
describe the business and explain the general pattern of change of the particular market model indicating how this
How does lobbying work in government?
What should be the next step be to improve the port? Provide data from the case to support your conclusions as necessary.
How is the U.S. economy different from a command economy? Can the U.S. economy be called a true free market economy? Provide examples and justify your conclusions.
Understanding Cause and Effect How has the development of modern transportation and communication systems affected the type of economy that exists.
Researchers have found that during the last recession, when income fell by 6 percent, many fast-food restaurants saw their sales increase by 8 percent while the sales of soda fell by 12 percent in grocery stores.
What are equations for IS and LM curves? What is equilibrium level of income and interest rate? What if mix of fiscal and monetary policies is changed. Te money supply is increased by 100 while government spending reduced by 250:
consider two consumers a and b. a and b both want perfect consumption smoothing c cf and both have no current wealth.
Suppose the production function is C = L(0.5) x M(0.75), does the production function exhibits increasing returns to scale, decreasing returns to scale or constant returns to scale? Explain your answer.
Define opportunity cost. What is the opportunity cost to you of attending college?What was your opportunity cost of coming to class today?
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