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In the former Soviet Union, people often resorted to black market transactions preferring them over waiting in long lines for goods and services. This fact seems to suggest that saving time is part of the consumer surplus derived from buying goods.
Explain why do you think macro-economics applies to your organization. Give at least two examples of macro-economic actions that could affect your organization.
A normal good is being produced in a constant-cost, perfectly competitive industry. Initially, each firm is in long-run equilibrium. Briefly explain the short-run adjustments for the market and the firm to a decrease in consumer incomes.
consider a market where demand is d p 60 - 3q and supply is s p 4 4q.1. equilibrium quantity qe isa. 8b.
Suppose the simple spending multiplier equals 10. Estimate the size and direction of any shifts in the aggregate expenditure line, the level of real GDP demanded,
Elucidate Susan's analysis and recommendation. Include the equation in your analysis and find the school's elasticity coefficient.
Suppose an excise tax of $2.00 per unit is placed on the sale of this good. What will the post-tax equilibrium buyers' price, sellers' price, and quantity be?
The growth rate of population in Country A is greater than in Country B. According to the Solow model, which country should have a higher growth rate of output per worker?
Show how it relates the AD-AS model,increasing budget deficits will make the economic recovery uncertain and will hamper future economic growth.”
Briefly explain in words the sequence of changes that occur as the two economies move from no trade to free trade.
What are the main reasons why countries trade and Are there winners and losers with free trade and export? What is the effect of trade on the unemployment rate in the United States?
An economic bad is something you don't want to consume, i.e. less bad is better. Define an economic bad mathematically and name one economic bad in reality. Suppose you had to consume a certain amount of a given economic bad but could pay to get r..
Assume that initially the goods and services market is in equilibrium at the potential
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