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Assignment:
Questions:
1 - Explain why scarcity leads to trade-offs.
2 - Name the three main categories of economic trade- offs.
3 - What are the three main components of interest rate?
4 - Explain why is a production possibility frontier curved. (Hint: What underlying principle or law does it illustrate? What does it mean in terms of opportunity cost?
5 - What is a positive economic statement? Please give an example.
6 - Overall how can self-interest be a good thing for society? (Consider the aspect of an individual's education or firms developing innovative products.) Can self-interest help society? Please explain.
Two articles Fed Official Expects Growth also Are Inflation Expectations Rising from the Ashes. Illustrate what exactly is the Federal Reserve.
Write a report based on the economic condition of country - Nepal. Provide a brief summary of the socio-economic conditions
How is the ethanol demand in US these days and what is the key positive about this?
Assume that in a small open economy where full employment always prevails, national saving is 300. If domestic investment is given by I=400-20r, where r is the real interest rate in percent, what would the equilibrium interest rate be if the econo..
Question: Would the following topics be covered in microeconomics or macroeconomics? a. the effects of an increase in the supply of lumber on the home-building industry b. changes in the national unemployment rate c. the effect of interest rates on t..
What are some benefits of rent control policies? What are some costs of rent control policies?
united states has absolute advantage over many countries in production of most goods and services. yet the country is
Why advocates of active monetary and fiscal policy view the economy as inherently unstable and believe that policy can manage aggregate demand to offset the inherent instability.
Under these circumstances, the Bank has decided to raise the target for the overnight rate". What is the Bank of Canada current inflation target
A company in a competitive market must accept the market price, but a monopoly can set a price that maximizes its own profit. Explain giving consideration on the elasticity of the demand.
You are the manager of Taurus Technologies, and your sole competitor is Spyder Technologies. The two firm's products are viewed as identical by most consumers.
Examine the basis for trends in consumption patterns as discussed in the article. In your examine, think the utility derived from the products mentioned in article,
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