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1. With lower values for gasoline than a couple of years before will Americans start spending again? If they do, what will they spend the savings on Vacations? Some other expenses?
2. In many industries, such as supermarkets, banks, cell phone companies, etc., because of mergers our choices as consumers are reduced to two or three competitors. Do you think this is good for the economy? What are some of the reason why mergers happen? Should the government do something about this?
Illustrate what is output elasticity in this case. What sort of returns to scale does the firm face.
Suppose that the economy is short of its full-employment (potential) level of GDP, assumed to be $14,000 billion, by $500 billion.
This document shows evaluation of alternative approaches to analysing the effectiveness of public policy and Assess the impact of government policies on selected areas.
More demand and supply should be included in your analysis Warning: you are not required to "prove" or show your selection of the determinants of demand and supply. But your discussion and selection must be reasonable.
Discuss how the aggregate expenditure function shifts in response to changes in each of time following variables:
Illustrtae what is the value of x which will make the manager indifferent among shirking and working hard.
The World Bank is presently advising newly industrialized nations on how to encourage growth and they have asked for your help.
What is Bill's opportunity cost of producing one hat, In which of the two activities does Mary have a comparative advantage.
Elucidate the organization/industry reduce production or shutdown their operations? Explain your reasoning.
Question based on Derive and compare demand curve, Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?
Write a letter to the editor of your local paper either supporting or criticizing the proposed $500,000 subsidy.
Suppose that in response to learning that some sick individuals were denied health insurance, the government mandates that insurance companies must offer insurance to everyone at unregulated rates.
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