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Greece is part of the “Eurozone” – 16 countries that each use the euro (€) as its currency. The European Central Bank (ECB) sets monetary policy for the Eurozone. (You can think of the ECB as “Europe’s Fed.”) One monetary policy applies to all 16 countries of the Eurozone. The Greek legislature approved “austerity measures”: • increased taxes • reduced pensions (the equivalent of our Social Security), and • reduced pay for government workers. The austerity measures described above will increase Greek unemployment. Explain why? If the ECB wanted to use interest rates to help Greece’s economy following imposition of the austerity measures, should the ECB increase interest rates or decrease interest rates? Why? Explain fully
Why is income from capital gains taxed differently than wage income? There are perhaps historical, practical, and theoretical reasons. What are they?
Compare the additional income Microsoft makes as it moves from 20 million to 40 million copies of Vista with the additional income it makes as it moves from 40 million to 60 million copies of Vista.
Explain how Ibn Khaldoun view traders, including types of traders, the importance of traders to the economy, the necessary skills for successful traders, and role of connections in a trader’s success.
Illustrate what is the difference among a command economy also a market economy.
Discuss the previous week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
The World Bank is considering an application from the country of Equatoria for a large dam project.It is also possible that the new lake area may contribute to the spread of water-borne diseases.
Average fixed costs in the short run:
Illustrate the effect on the marketplace for a hr. of babysitting services 30 yrs into the future when children born today.
Illustrate what would happens to the equilibrium price and quantity. The widget firm in Springfield is competitive,with numerous buyers and sellers.
wages decrease by 15%. by what % do the new wages increase or decrease. 3. divide 3420 into two parts such that one part is 28% more.
What effect would each of the following have on the demand and supply for hamburgers and on the quantity of hamburgers demanded and supplied in a city?
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