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Describe the difference between "stock variables" and "flow variables" in macroeconomic models. Of the following variables: aggregate income, aggregate wealth, aggregate investment, the aggregate money supply, government budget deficit, and government debt, which are stock variables, and which are flow variables?
Explain the advantages and disadvantages of international trade. Some possible areas to use are comparative advantage, gains from trade, and trade restrictions.
Price fixing is a per se violation of Clayton Antitrust Act. From the materials in library and the Internet, find out an example of the price fixing case or other violations of U.S. antitrust law.
No one will buy the good if the price is above $80 and no one will sell the good if the price is below $20. The equilibrium price and quantity if this market is perfectly competitive would be $40 at a quantity of 20.
Derive the firm's supply curve, expressing quantity as a function of price. Determine the market supply curve if North Carolina Textiles is one of 1,000 competitors. Compute market supply per day at a market price of $47 per unit.
as a result of increased tension in the middle east, oil production is down by 1.21 million barrels per day-a 5 percent reduction in the world's supply of crude oil explain the likely impact of this event on the market for gasoline and the market ..
Can both monopolies continue endlessly? Why or why not for each example and what factors could cause the monopolies to end?
Law of Demand indicates that there is the inverse relationship between price and quantity, why does it matter which particular mix of price and quantity is selected?
Describe why a change in a firm's total fixed cost of production will shift its average total cost curve, but not its marginal cost curve.
Why did the budget deficits rise sharply in 1991 and 1992 what explains the ;arge budget surpluses of the late 1900s and early 2000s What caused the swing from the budget surpluses to the series of budget deficits beginning in 2002
Examine the basis for the trends in consumption patterns, as discussed in any article and explain what has occurred to change the demand for, or the supply of, the products, and market prices of those products.
Someone claims that the "bargaining" hypothesis appeared in the literature because of a significant flaw in the "comparative advantage" hypothesis. After you briefly explain what these two hypotheses stand for, identify what..
Explain why the productivity standard for the distribution of income entails rewarding people based on their contribution to society total output.
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