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a according to the purchasing power parity ppp condition what is the relationship between changes in price levels
suppose an economy that is initially at full employment faces a substantial fall in exportsa discuss with the aid of
a ldquothe money supply of an economy increases when the central bank simultaneously decreases the reserve requirement
a discuss how labour productivity and living standard are relatedb examine how property rights affect a nationrsquos
to extract the sellerrsquos surplus a buyer should design a bulk order offering the seller up to the desired
describe the current state of the us economy using the two monetary aggregates m1 and m2 currently published by the
you are consulting with a company that is failing it seems the ceo recently fired paid no attention to the board of
which of the following is the definition of the consumer price index cpia a weighted average of prices of a market
1 what institutions are prerequisite for economic growth2 what is the role of rule of law in economic
seller surplus is a the difference between the amount that the buyer is willing to pay and the priceb graphically
1 if a perfectly competitive firm raises its price above the prevailing market rate how much of its sales might it lose
use the principles of supply and demand to address a predetermined goal set by you in the gasoline market be clear on
a perfectly competitive business maximizes profit by producing at a rate where a marginal cost equals priceb average
the market supply curve slopes upward becausea the market demand curve slopes downwardb the marginal cost curves of the
suppose maryrsquos utility function for two goods x and y is given by uxy 2x12y12suppose consumption bundle a consists
suppose that the short-run price elasticity of the supply of gasoline is 16 if the price falls by 5 the quantity
if the labor force of 150 million people is growing by 14 percent per year how many new jobs have to be created each
two firms compete in an undifferentiated bertrand market suppose that the firms face a demand curve given by p 60
what empirical method generally is used to measure the degree to which products substitute for each othera cross-price
describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly
the composition of pennies is 95 copper and 5 zinc coper sells for 350 per pound and zinc for 100 per pound it takes
in the news agricultural markets are often cited as exhibiting the characteristics of the perfect competition market
a certain waste water treatment unit process costs 50000 to purchase and install and will cost 500 per year to operate
substitution and income effects of a change in price of a good may be used to explain theinverse relationship between
briefly describe the changes in predominant health problems among americans since good record keeping began in the