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Suppose the world price of cotton rises substantially. The demand for labor among cotton-producing firms in Texas will (decrease/ increase). The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will (increase/decrease). The unemployment resulting from such sectoral shifts in the economy is best described as (cyclical/frictional/structural/seasonal) unemployment.
How would you characterize the market for crude oil production? Explain your answer. Explain the long run profit behaviour of firms in this kind of industry.
A cost function for clinic visits in a small inner city clinic. determine the marginal cost for each level of output.
Illustrate what are the 2 policy options used to influence the economy
Suppose a four year pure discount bond with a face value of $1000, if current price is $850, calculate the annualized yield of this pure discount bond.
Player 1 makes the first offer of how to split a surplus of 1, followed by either acceptance or rejection of this offer by player 2. Acceptance ends the game, and the surplus is divided as agreed. If player 1's offer is rejected, player 2.
Discuss some of the damaging effects deflation has on an economy and what would be a monetary policy prescription to decrease or eliminate deflation?
Using a supply and demand graph, make one shift of wither the supply or demand curve to illustrate the likely result of this action.
Briefly discuss the methods traders use in attempting to evade the difficulties they face in markets that involve "Lemons".
Discuss some differences between content theories and process theories, include how these relate to validity and reliability. Using your explanation, present some aspect of how theory informs organizational practice. Give an example of a practice ..
Explain how do the types of economics systems capitalism , socialism, and communism fall under : market , tradition, and command.
Given the price of gasoline to be three dollars a gallon. Now show graphically what happens if we put a one dollar tax on gasoline. Please tell me how much for the tax the consumer pays and how much of the tax the seller pays.
He define you that the report will be handed out to the staff prior to the staff meeting next week and that it should outline the various forms of market structure.
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