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Analyze what has happened in the economy since late March, due to restrictions put in place to control the widespread contamination by COVID 19.
What firms or individuals would you need to involve to sell your product? In addition, please comment on the ways in which you would hope to avoid detection.
Discuss the central economic problem facing this group of survivors and Make a list of the basic needs and wants of the survivors - shelter for the survivors is a very important need.
What share will be paid by the consumer in the long run? How about the short run? Provide some intuition for why these are different.
What level of output should the manager of Redstone choose to produce? Explain your choice in at least 100 words.
for a given nation suppose the following table shows the relationship between real consumption and real disposable
There are two related variables, noise (equals either quiet or loud) and intoxication (equals drunk or sober). P(drunk)=.25, P(loud)=.4. You know that if someone is drunk, then the probability of them being loud is .9. Use Bayes’s Rule to calculate P..
Explain the difference between nominal and real GDP, andprovide a numerical example with your own numbers of how nominalGDP can be converted to real GDP.
As we continue our discussion on producers and market structure, we want to think like producers. If you are or wish to be an entrepreneur
Some critics of the adoption of fixed exchange rates by emerging market economies argue that these exchange rates create a kind of moral hazard. Do you agree?
What is the steady state growth rate of GDP in Quodium? What is the steady state growth rate of GDP per worker - what happens to the growth rates of capital, output, and consumption per worker?
Which do you feel is a better approach, free or fair trade, and why? Given the concept of comparative advantage, should we even be discussing free versus fair.
These multiple choice problems belong to Economics. The first problem is about identifying the costs that have been incurred and cannot be recovered and the second problem is about the demand curve for an individual firm in the short run would be.
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