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The city has decided to imposerent controls, and it has established a rent ceiling below theprevious equilibrium rental rate for offices throughout the city. a. How will the quantity ofoffices
Analyze why the prices of gasoline rose so high over the summer. Was it because OPEC cut back production and the number of people driving was more. Illustrate this using a graph showing a decrease i
Suppose a growing world with positive real income andeconomic growth. There are some lower income countries producinggoods for basic necessities of life. If income of the poor peoplebelonging to low
"When analyzing demand and supply, it is important todistinguish between the short run and the long run. In other words,if we ask how much demand or supply changes in response to a changein price
Demand relates the various amounts that consumers are willing to buy over a specified time period
The Bureau of Economic Analysis has been hit by the flu; consequently, it has been slow in getting out data on economic performance. A recession is developing, but nobody knows it yet. This delay is a
The curve that shows quantities of total real output that will be offered for sale at various price levels is called the
Changes in the reserve ratio, open market operations, and changes in the discount rate are all tools used by the Fed to
In what kind of economy is a central planning board or commission typically used to answer the basic economic questions?
What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal policies affect y
In your opinion, which two determinates currently have the greatest impact on aggregate demand and supply? Justify your response with an example.
Why is economics considered a social science? What role does economics play in your personal and professional lives?
How do you predict the economy will perform in the next two years given the current state of two of the economic factors you identified? How might your organization be affected by these changes?
What are the uses of money? How do commercial banks and Federal banks create money? Is monetary policy conducted independently in the United States?
Assume the Fed is currently trying to reduce domestic unemployment and the trade deficit. What must happen to interest rates and the FX value of the dollar in order to accomplish these goals
Suppose the average puppy weighs 10 pounds. A sample of 10 puppies yields a sample mean of 13.2 pounds and a sample standard deviation of 2.78 pounds. Assume the population standard deviation is kno
Larry, Curly and Moe run the only saloon in town. Larry wants to sell as many drinks as possible without losing money. Curly wants the saloon to bring in as much revenue as possible. Moe wants to ma
What is the major problem in achieving an efficient use of the world's water If there were a global market in water, like there is in oil, how do you think the market would work Would a free world
For few months, prior to your vacation trip to France, you find that the exchange rate for your U.S. dollar has increased relative to the Euro. If you were a U.S. citizen or resident, are you please
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 usually is in conflict with governme
1. Who has absolute advantange in chocolates Who has absolute advantage in shirts 2. Who has comparative advantage in chocolates Who has comparative advantage in shirts 3. If these nations trade f
Choose a market for a good in your area that seems to be a perfectly competitive market. Write four or five substantive paragraphs that describes the market and answers the following questions: Iden
Explain carefully in terms of production theory why it might be that no amount of "cracking down" can increase worker productivity at CF&D. Provide an alternative to cracking down as a mean
Think about a firm that you have done business with recently. What industry does this firm belong to? For example, McDonald's is a firm in the fast food industry