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Some economists did a study of market for economists in Britain. They discover that the quantity demanded was about 150 per year, and that the quantity supplied was about three hundred per year. Using your new-found economic reasoning powers:
- What did they predict would happen to the economists' salaries?- What likely happens to the excess economists?- Why doesn't the price change immediately to bring the quantity supplied and the quantity demanded into equilibrium?
Elucidate which major reasons justify the importance of country risk analysis for the investment portfolios.
Illustrate what do economist mean by this. How do they determine what the right amount of the good is.
the aggregate supply also demand or how this relates. If you could help with this section I could probably write a decent paper.
Banks fail when all depositors try to withdraw money at same time. One way to stop this problem would be to need banks to hold 100 percent of deposits on hand.
Suppose if the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 0.5%, and cyclical unemployment of 2%, determine the natural rate of unemployment?
One of the limiting resources in our economy is time. As a society, we make selection about allocation of time in work and other pursuits.
Ellucidate what happens to the price of a bond that pays a fixed percent of the face value every year when interest rates in the economy increase.
Making dresses is a labour-intensive process. Indeed, the production function of a dress-making firm is well described by the equation Q = L - L 2 /800, where Q denotes the number of dresses per week and L is the number of labour-hours per week.
Illustrate what would be a monetary policy prescription to reduce or eliminate deflation.
Use the information on U.S. real GDP below to calculate real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005.
What value added means is not a higher price for certain goods. Value added means adding value to a raw product at its present stage of production and possibly taking that product to the next stage of production.
Identify and discuss two aspects of firms' credit policy. Identify one difference in the credit policies of different company and describe why this difference may be important to consumers.
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