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How might you use different types of research (focus groups, observation, survey, and experiment) to forecast market reaction to a new kind of disposable baby diaper? Consider that this product is to receive no promotion other than what the retailer will give it, and the product will be offered at a competitive price. Assume the new diaper's name will not be associated with other known products
National income is initially at its equilibrium level when desired investment falls and a fall in national income, but not by as much as the fall in desired investment
What do you regard as the main weaknesses of the Ricardian or Classical model as an explanation of the trade patterns? Why do you regard them as weaknesses?
Describe how the federal reserve kept the US from sliding into a deeper recession after.
Provide an example of how fiscal also monetary policies compliment or work against each other.
Determine the conditions of perfect competition. Name each and describe with an example how the real markets can violate one of more of these conditions.
Perform them following: Compute the price elasticity of demand for paint and show your calculations.
What is the dollar amount of excess reserves and by what dollar amount can this bank safely expand its loans?
Suppose that American Tree, one domestic producer, convinces Congress that because its production methods are the safest in the industry, it should be allowed to be the only supplier of artificial trees to American consumers.
Find a functional relationship between Y and i, expressed as a function where Y depends on i (i.e. Y(i) ), such that the Quantity Theory of Money would hold
Consider a macroeconomic model of an economy in Long Run market equilibrium. Suppose there were a shock which was going to cause a decrease in aggregate demand. a. What steps could a government take in order to avoid the long-run market correction
Explain the trade-offs between any three of these options. In other words, what will you gain, and what will you have to give up if you choose each of the three options?
Production procedures elucidate the law of increasing opportunity costs.
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