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Growth of India and China
China and India are often referred to as two of the fastest growing countries. Compare their recent growth rates to the U.S. growth rate. (You may want to check out the web site of the International Monetary Fund (IMF) for international data and analysis.) Which of the two countries: China and India will sustain strong economic growth in the long run and why?
Use the following data for a firm's output at various levels of employment to calculate: (a) its marginal physical product of labour (MPPL) schedule.
Describe current economic crisis growing unemployment which have impact on price elasticity of health care demand.
The price per unit remains $7.50 in both scenarios. Does the labour analyst's argument hold? Explain why or why not, and use data to prove your point. (Hint: calculate total costs in both circumstances).
What might be included in the "total cost" of acquiring and watching movie on DVD? What about the "total cost" of seeing a movie at the multiplex?
Florida Citrus Mutual, an agricultural cooperative association for citrus growers in Florida, needs to predict what will happen to price and output of Florida oranges under situations below.
Illustrate what kinds of changes in underlying conditions can cause the supply and demand curves to shift
If graphed, would the curve for this equation slope upward or slope downward and are the variables C and Y inversely related or directly related?
If consumer incomes rise to $30,000, illustrate what will be the new equilibrium price and the new equilibrium quantity.
Illustrate recommendations would you make to Congress and the President for the management of fiscal policy.
Illustrate what is the elasticity of demand for the product that is produced by the company.
Economists have estimated the subsiquent transportation elasticities.
What is your opinion and will you support another stimulus package? Why or why not?
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