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Why is economics considered a social science? What role does economics play in your personal and professional lives?
show nominal GDP and an appropriate price index for a group of selected years. Compute real GDP, and indicate in each calculation whether you are inflating or deflating the nominal GDP data. Instructions: Round your answers to two decimal places.
For a developing country to grow it needs capital. The major source of capital in most countries is domestic saving but the goal of stimulating domestic saving is usually in conflict with government policies aimed at reducing inequality in redistr..
What describes a tax that is assessed according to benifits received principle. Those who pay the tax recieve the benifits the tax provides or else.
Suppose the demand for what you "sell" rises relative to the supply of what you sell. a. How would you know demand has increased (What is the first piece of information which would lead you to conclude that demand has increased)
In the USA, it is the opposite: No harvesting is allowed unless the deceased had signed, while still alive, an organ donor form authorizing doctors to harvest any needed organs. Use supply and demand figures to show in which country organ shortage..
A manager of a monopoly firm notices that the firm is producing output at a rate at which average total cost is falling but is not at its minimum feasible point. The manager argues that surely the firm must not be maximizing its economic profits.
Elucidate factors would you consider before investing in the emerging stock market of a developing country.
Assume the government imposed a minimum price of $7 in the schedule of exercise 3. What would occur. Illustrate.
A manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no extra value to an auto-defrost feature. Female shoppers generally value microwaves more than men and attribute greater value t..
Identify trends or other patterns in inflation within the an economy of your choice over the last five years using quarterly data from the Central Bank or other Government based Statistical agency websites as a source.
Until the twelfth century, Latin was the language used between the educated and within literature. Research and report on the origins of vernacular language, and its spread. Assess and evaluate the impacts the spread of vernacular languages on cul..
Given that you can earn 3% return per year with inflation running at 4% per year, how much would you have to deposit today if you wanted to collect the equivalent of $1,000,000 in today's actual dollars 30 years from today? Also, explain why you n..
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