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Discuss the rationale behind arriving at figures for the natural rate of unemployment, stable prices, and sustainable economic growth. Given the prevailing flexible exchange rate system, is it neces
What evidence does GI present to support the view that Canada had entered a recession? Use a short-run Phillips curve to explain why the inflation rate may decrease over the course of 2009.
Suppose that the government is currently planning to collect t1 = 3 and t2 =5 in taxes in period one and period two, respectively. A policy change is proposed, however, that would reduce period-one
Is it reasonable from an economist's viewpoint to minimize the role of the government in accordance with Nozick's moral argument?
The company finds that this system seems to work most of the time with shop floor supervisors and team managers. But the system breaks down for higher-level positions. Why?
Evaluate the strength of your bargaining position for each option. Which of these would be the most advantageous? Explain your reasoning.
If the price of a good increases is the increase in the quantity of the good supplied likely to be smaller or larger , the longer the time period being considered? explain.
In early 2007 apple forecast that it would sell 10 million iphones during the products first year on the market. what factors could affect the accuracy of this forecast?
In rollback equilbrium, what is each player?s ?final pay? Suppose the game from part (b) is modi?ed as follows. Smith does not have ?deep pockets?: if there is a ?ght in market A, so he loses 10, he
The building and lot can be sold at the end of 20 years for the $9,000 estimated value of the lot. A more optimistic estimate of the future value of the property is that it can be sold for $100,000 a
Why does the quantity demanded of a good increase when the its price falls? Is it because it increases the real income of the buyers in the market, allowing them to buy more at a cheaper price?
Illustrate the demand curve. How much will consumers spend on shoes at a price of $80? As price drops from $100 to $80, is the demand elastic or inelastic? Show your work or reasoning.
If the consumer budget constraint is given by 16.0F + 16.5 S = 115.7, where F is food and S is shelter, how much shelter can she buy if she purchases 5.2 units of food?
Discuss the various ways in which monopolies and oligopolies can curtail and/or eliminate competition and, alternatively, the circumstances when this may not be the case.
Which of the following statements about comparative advantage is not true?
Describe the fiscal policy that will already be automatically operating, as well as the appropriate discretionary fiscal policy that the government should adopt, given the above situation.
Now assume that there is a dominant firm, whose marginal cost is constant at $6. Derive the residual demand curve that it faces and calculate its profit maxmizing output and price.
Calculate the opportunity cost, for producing a single Twinkie and a single cupcake for Jasper and for Jasmine. Jasper can produce 60 twinkies per minute or 120 cupcake per minute while Jasmine can
Both investments promise the same long-run return, so your choice is driven by risk considerations. Assess the various risks of doing business in each of these nations. Which investment would you fa
You are an accountant in a medium sized manufacturing company.You have been asked to mentor an accounting clerk who is new to your accounting department. Explain why adjusting entries are necessary.
12 rugs are produced and sold at $60 each. What is nominal GDP in each of the two years? And what is the growth rate of Nominal GDP?
She has a von Neumann-Morgenstern utility function equal to the square root of her total income. What is the minimum price at which she would sell the rights to her ship?
How much must you increase your advertising budget to generate the same total revenue as before the increase in software price? Graph the relationship between price and total revenue.
What is the ideal relationship between knowledge of costs and knowledge of revenues for a firm? In your response, explain and justify your conclusions and provide examples to support such conclusion
Compute the price elasticity of demand for distilled spirits at a prices of $60, $55, $50, ..., $30 per gallon. Do high-price states have larger or smaller demand elasticities for distilled spirits?