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Global Microeconomics
Can you assist me with understanding how to respond to these questions
1. Does microeconomics apply to every country in the world_ why? or why not? Describe the specifics of any cases/examples you use and the implications of same on local citizens of that country.
Impact on China on Global Microeconomics
2. The total economy of China will soon pass the United States; most analysts say this will occur in less than 10 years. From a microeconomics viewpoint, what does that mean for:
a) The law of demandb) U.S. consumersc) Our nation in total
Problem - Income Elasticity of Demand, Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5
What is the unemployment rate? What will the unemployment rate be if the unemployed increases to 7 million and 3 million individuals become discouraged workers?
Suppose that Hump Ridge Company produces and sells two products, x and z, and that its total cost is given by-What does λ equal? What does it mean?
What is the main policy message of the AS-AD model, and how does it relate to the 1930s Keynesian revolution in economic theory? What should today's policy-makers assume about the natural rate of unemployment?
The US congress is presently debating the new budget. Should federal spending be drastically reduced.
Explain the effects of these shocks on the price level, real GDP, and the nominal interest rate. Use an upward-sloping, short-run supply curve in your analysis.
Elucidate what financial impact each of those expenses has had on the companies margins
With the help of an AD-AS diagram, explain the effect on the price level and real GDP. Use an upward sloping AS curve and be clear about the interconnections among markets.
Changes in government spending and interest rates
The total sum of squares is 400 and the sum of squares errors is 100, what is the coefficient of determination?
Your company is considering an investment project that will generate after-tax cash flows of $1,000 per year for the next three years (and then be scrapped, with no salvage value).
As per the Ministry of Finance also the keiretsu are there other problems.
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