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1: Economic growth is a long-run issue. Discuss your (or a person's) personal long-run issue. Note that there is no right or wrong answer, but you have to demonstrate that you understand the sense of long-run in macroeconomics and you can apply the sense of long-run to your (or a person's) personal life.
2: Discuss in complete sentences why GDP is expected to grow 6% in 2021, much higher than previous years. Explain your answer in complete sentences based on the pandemic.
What are the three types of mergers that firms can do? Classify the following possible mergers between Starbucks and coffee growers, Bank of America and Fleet Bank, Microsoft and Steel company, Home Depot and Lowe's, into one of the three types. Expl..
You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive stra..
How you would adjust a nominal value in one year to equal the same purchasing power in a nominal value for another year. Explain why anyone would ever want to do this.
Consider the economy described in lecture 3 (a closed economy, the factors of produc- tion are in fixed supply and fully used
Adopting NPV>0 projects is in the set of things that we know matter. Give a careful explanation as to why adopting NPV>0 projects is consistent with the goal of the firm.
Carl has a utility function U(x, y) = 2xy + 1. Maximize his utility subject to the budget constraint and derive his demand functions for x and y.
Why do we have a difficult time accepting feedback from others? Are there certain people we are more likely to accept feedback from? Why do you think this is?
"Lean is essentially trimming the fat of an organization. There shouldn't be wasteful operations occurring in any industry and the service industry is no different. There is no point in buying supplies that will never be used, so suppliers need to be..
Which of the following possibilities is consistent with the property of diminishing marginal product.
Briefly explain how each of the following events is likely to affect real GDP. Do you think the changes in real GDP rejects a similar change in economic well-beings? A hurricane in Ontario forces Canada's Wonderland to shut down for a month.
The cost of delay is an important expense to consider when redesigning a procedure. In addition, there is uncertainty in identifying future needs and new procedure that the space will need too accommodate.
A sample of 30 boxes of Fruit Loops was chosen and each box was weighed. The mean weight of the sample was 22 ounces with a sample deviation of 0.4 ounces.
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