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Since August, automobile inventories have been rising. Moreover, recent unemployment numbers suggest that European economies will grow more slowly than expected. What direction are auto prices likely to go?
HIGHER LOWER UNCLEAR
Compare social welfare under the bribe with social welfare in the case where the police officer always abides by the law.
Which of the following products and services are likely to encounter adverse selection problems: golf shirts at traveling pro tournaments, certified gemstones from Tiffany's graduation gift travel packages, or mail-order auto parts? Why or why not?
Compute the corresponding Compensating and Equivalent Variation. Illustrate your answers graphically. Compute the compensating demands for goods X and Y. Illustrate your answers graphically.
How do we fight a recession using Monetary Policy (Make sure to include the 4 tools of monetary policy and how we should use them.) and Fiscal Policy (Make sure to include all appropriate graphs and equations):
The White Company is a member of the lamp industry, which is perfectly competitive. The price of a lamp is $50. The firm’s total cost function is TC = 1,000 + 20Q + 5Q2 where TC is total cost (in dollars) and Q is hourly output. What is the firm’s ec..
some firms leave the industry and the industry returns back to a long-run equilibrium. Illustrate what will be the new equilibrium price, assuming cost conditions in the industry remain constant.
"Illustrate what is meant by the term 'utility,' and how does it relate to purposeful behavior." In one to three pages, fully explain your answer in a way that shows your understanding of "utility" and human behavior.
Recommend whether the FOMC should rise, lower, or keep short-term interest rates (the federal funds rate) the same. Support your recommendations with your research findings.
Supply is the world supply. Elucidate the consumer surplus at the equilibrium price. What is the producer surplus.
Discuss whether or not oligopolies are always bad for society, using examples from the industries you described.
q1. explain the essential distinctions among the stages-of-growth theory of development the structural change models of
Elucidate why or elucidate why not. Does it matter whether the inflation is expected or unexpected.
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