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Microeconomics
Watch this 30 mins. YouTube link on 'How The Economic Machine Works' You will enjoy it!
https://youtu.be/PHe0bXAIuk0
Write down your understanding of 'How The Economic Machine Works' and make sure to support it with your real life experience. (For Example, you can connect it with Tim Hortons, ESSO Gas Station, Subway Eat Fresh etc).
what are the uses of money? how do commercial banks and federal banks create money? is monetary policy conducted
Suppose that you are currently a college senior. You are currently working a part-time job that pays $2,000 per year (call it Y1), but you expect to earn $20,000 next year (call it Y2), after you graduate. Assume that there is no inflation and..
How will the programs affect the debt? How will they affect private investment? Is crowding out a concern in the short versus long run as a result of the proposed policies?
A flood control project with a life of 12 years will require an investment of $300,000 and annual maintenance costs of $25,000. The project will provide no benefits for the first two years however will save $40,000 per year in flood damage starting i..
Assume that every citizen of country X has the utility function of u(x, y) = 5x+4y. Say that x denotes cigarettes and y denotes alcohol. The government of country X receives revenue from alcohol and cigarrete purchases but wants to curb alcohol co..
1. in a market system well-defined property rights are important because theyreduce unnecessary investment. limit
suppose that the reserve requirement is 10 and the balance sheet of the peoples national bank looks like the
what are the two organizational compensation goals described in this unit? what other goals for compensation can you
Let Q= Lα Kβ. suppose the firm seeks to produce a given output while minimizing its total input cost. TC=Pι L + P κK. Show that the optimal quantities of labor and capital satisfy L/K=(α/β) (Pκ/Pι). Provide an intuitive explanation for this res..
select at least three different types of organizations. write a 700- to 1050-word paper in which you evaluate the
Determine how velocity is affected by an increase in real income (Y), an increase in the nominal interest rate, and an increase in the price level.
1. suppose you have 24 to spend on either tea t or sugar s. sugar costs .10 per and tea costs .60 per cup
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