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Question: The following outline provides a complete description of all economic activity in Trivialand for 2004. Draw up versions of Tables for Trivialand showing GDP computed in two different ways.
Write down your understanding of 'How The Economic Machine Works' and make sure to support it with your real life experience.
Explain why you believe this behaviour is or is not consistent with the theory of collusive behaviour. Explain intuitively why you think that bread prices in Edmonton were not double or triple the C
Summarize the view of American critics of global firms that import products purchased from developing country factories that have bad working conditions and pay very low wages. Also, sum
You can use a news article from a newspaper, magazine, or online news service. The AR takes the form of an essay. It is done after careful reading, review and analysis of what the author is tr
Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.
The user experience (UX) plays an important role in product development. Imagine that you are a manager for the product design department of a company. Suggest when it is appropriate to use Lean UX
Joseph Schumpeter said that “perfect competition is not only impossible, but inferior, and has no title to being set up as a model of ideal efficiency.” What does this statement say to y
Analyze it using the economic way of thinking – possible approaches include ( you do not need to use them all and these are only some you may consider).
What is the profit-maximizing price and quantity and what is the profit at that point?
Explain the concept of the labor market. How is Unemployment measured (by whom?) and defined. What is missing from this measure and why might it underestimate unemployment? Define
Summarize the experiment, results, and implications. What do you think? How does the content impact / influence you?
Macroeconomic Variables For this section, you will utilize macroeconomic variables such as GDP growth, inflation, unemployment, and so on to relate trends in data to the supply and demand of your pr
Describe each in terms of their distinguishing characteristics (e.g., monopolies have only one producer). Make certain you describe how the characteristic distinguishes the associated market structu
Study the electricity demand. Find out a generator and its suitability for this case. Get price from at least two manufacturers (catalog & figure). Show the size, weight, frequency, and other de
Problem: Identify the market structure of McDonalds and evaluate the effectiveness of this structure for McDonalds.
Oligopolistic firms in the US try to limit competitions from their rivals. I provide a discussion on the interdependence of firms in oligopoly and how this affects firm behavior.
Balanced government budget. Evaluate both the advocates' position and the critics' position. Determine which position you support and defend your position.
According to Currie and Ferrie, which of the following legal environments will reduce strike costs? Explain each case in a sentence or two. (Unions legal; intimidation or boycotts illegal; injunctio
Identify the three key facts about short-run economic fluctuations and how the economy in the short run differs from the economy in the long run. Explain economic fluctuations and how shifts in eith
Describe and explain performance trends of the economy. Research and explain government's measures adopted to achieve the production output performance.
Suppose the economy was at equilibrium before the start of the recession. Show this using the IS-LM, Keynesian cross, AD-SRAS-LRAS and money market spaces. How could monetary policy have ensured a f
Describe each market structures (perfect competition, monopolistic competition, oligopoly, monopoly), provide a real-life example of each market. Describe which market structure you would prefer for
What is the difference between a public good and a private good? What are the principal characteristics of each? What are the two characteristics of public goods? Why is there a free rider problem whe
You will explore the equilibrium of a market in which we know the cost function of the firms, as well as the demand function of consumers. You will first analyze the short-run equilibrium, and then