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Donald Trump says he will force Mexico to pay for a wall between Mexico and US. Suppose the Mexican government builds such a wall. Using a Keynesian 45 model, illustrate and explain the effect on the GDP, unemployment, and the price level in Mexico.
Elucidate the price also quantity that maximizes the company's profit.
Despite a recent improvement in EU growth (last year GDP growth was 2.9%) there are concerns over fundamental problems with the EU economy. What do you think are these fundamental problems with the EU? What is the future of the EU?
Over the last months, a growing score of economists have suggested that the Federal Reserve should raise interest rates (by reducing the money supply). Do you think that recent figures on employment and GDP growth lend support to such claims?
Waiting in line. Two hundred people are willing to wait in line to see a movie at a theater whose capacity is one hundred. Denote person i’s valuation of the movie in excess of the price of admission, expressed in terms of the amount of time she is w..
Illustrate what is Michelle's opportunity cost of producing potatoes. What is Michelle's opportunity cost of producing chickens.
Economics for Business What were the main changes in the trade agreement between Australia and Japan and what were the main changes in the trade agreement between Australia and Korea?
Which of the following is not a reason why the market outcomes maximizes total surplus?
The economy has two sides. One side is the aggregate demand side. Elucidate the relationship between the price level and the quantity demanded of Real GDP.
Leadership is important in shaping the culture of an organisation. With regard to this, compare and contrast leadership styles.
Evaluate each of these three options in the context of the economic concepts and business strategies we have learned in the course and explain how you would deal with this situation - Is this consistent with profit-maximization? Given the current h..
Assume that the labor demand equation for a fictional country is Ld = 90 – 2w, where w is the wage per hour worked. Assume also that the labor supply equation for that country is Ls = 0.5(w). If the supply of workers increased, the number of unemploy..
Often, there is news and critics that cast stones at the economic policies of Congress and/or the President. However, I find that average critics don't offer up an alternative solution, but simply criticize. Pretent that you are in charge for a day o..
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