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1.Explain how each of the following events will influence the demand or supply of red wine, and predict the change in equilibrium price and equilibrium quantity.a. A major health study finds that the antioxidants in red wine may help prevent heart diseases.b. The number of wineries increases.c. Personal disposable income of consumers decrease.d. It is expected that future prices of wine will be higher.e. A big increase in wages occurs for the workers in the wine industry.2. Use the data below to compute answers to the questions that follow.ITEM Amount in billions of Dollars.Consumption expenditure 390Government expenditure 110Imports of goods & services 40Interest and investment income 52Profit of corporations and governmententerprises. 80Income from farms and unincorporatedbusinesses 50Gross investment 180Export of goods and services, 55Wages, salary and supplementary labour income 378Capital consumption allowance 60Indirect taxes less subsidies 75a. Use the expenditure approach to calculate GDP.b. Use the income approach to calculate GDPc. Calculate net domestic product ( At factor cost )d. compute net investment and net export.3. If the civil war decreases labour productivity in Syria, explain what will happen to the followinga. Potential GDPb. Employmentc. The real wage rate.
Rail Tours sells packaged tours on rail lines, including gourmet meals and a reserved bed. The most popular tours are in the autumn when colors are at their peak. The overnight package for Saturday and Sunday morning are especially heavily booked.
Evaluate how well the design of the First IB web site meets the needs of a potential small business customer. Discuss the elements of the site that work particularly well in meeting the needs of this type of site visitor.
The year 1998 saw an unprecedented number of mega-mergers in the banking industry: NationsBank with BankAmerica, Bank One with First Chicago NBD, and Citicorp with Travelers Group, to name the three largest mergers.
What is the profit-maximizing price-output combination and what are the levels of the profits and consumer surplus at that point? What is Dead-weight-loss?
Illustrate what yield curve shape is depicted if intermediate term tresury securities yield
Draw an AS/AD diagram which shows what happens if strong growth in AD has pushed actual RGDP to a level above potential (full employment) RGDP.
Elucidate three arious ways in which the Federal Reserve would change the money supply.
The market for milk is in equilibrium and Dr. Derry Del Ray's Daily Dairy is making economic profit. b. After years of lying in wait as a scout, Cookie Monster reveals himself as a member of a hostile alien invasion force. Due to their pillaging, ..
The UAW labor contract with General Dynamics expired in October 2001. IN the months preceding the expiration date, bargaining teams for the UAW and General Dynamics met to negotiate a new contract.
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
Motivation (Why are you doing this study? To get clarification on whether the current policy in place is optimal choice) Brief (conflicting theory (ricardian and Keynesian)
Assuming that absolute purchasing power parity holds, what should the U.S./Canadian exchange rate be if the CPI in Canada is 225 and the CPI in the U.S. is 179 and the U.S. interest rate is 6%?
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