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Discuss and explain similarities and differences in the roles economists play as policy makers and as scientists. How would advice offered to policymakers differ depending on which role an economist assumes? Please offer an educated opinion.
You are given the following information about the economy of Nocoin: The banks have submitted of $300 billion, two thirds of which is in deposits with the central bank.
Elucidate when the monopolistically competitive firm lowers price from $16 to $12, how much does total revenue change.
Calculate the forward premium on the British pound for the Dutch investor where exchange rates are in euros per pound. Is it positive or negative? why do investors require this premium/discount in equilibrium.
Illustrate what determines whether or not economic efficiency is achieved. What determines whether or not economic efficiency is achieved.
Smith Co saw a reduction in quantity of widgets is sold, down to 900 units. What is cross elasticity of demand between two brands of widgets.
Elucidate the most likely reason the city council in New York City consistently denies licenses to independent van drivers selling rides to the public.
Illustrate what is the impact of this sale on GDP for 2002. Assume no realtor is involved in the sale.
What is the marginal revenue product of hiring one low-skilled worker to clear woodland for one month.
Some people claim that the "economic way of thinking" does not apply to issues such as health care. Elucidate how economics does apply to this issue by developing a "model" of an individual's choice.
Illustrate what could be related goods to health care. Illustrate what are the inter-relationship between these goods.
Consider any two of those operations and the contribution they are making to the parent firm's profits. Illustrate what means do they use to hedge against exchange rate risk.
Compute the percentage change in nominal GDP, real GDP also the GDP deflator.
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