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Based on your own internet research, identify an "external shock" (within the last decade) to the U.S. economy and describe the impact on Aggregate Demand and/or Aggregate Supply. Include the government response (if any) to this shock and comment on its effectiveness.
Provide arguments in favor of trade restrictions, and what are the counterarguments? According to most economists, do any of these arguments really justify trade restrictions?
Auctions in recent years have resulted in higher prices paid for letters wriiten by John Wilkes Booth than those written by Abraham Lincoln.which of the following events would cause the price differences in these letters to get smaller
Assume the free trade market price of a car is $10,000. It contains $5000 worth of steel. The importing country imposes 25 percent tariff on car imports.
When China reformed state-owned enterprises, it tried a new approach to choosing managers: it put managerial jobs up for auction. The bids for the jobs consisted of promises of future profit streams that the managers would generate and then deliv..
Evaluate alternative propositions for economic choice by one or more individuals, firms, organizations, or governments applying one or more of the economic theories provided in the course.
In Florida, the huge contraption turns and begins lumbering down the next row of juice-laden Valencia oranges. The operator watches his progress on two TV screens in his cab,
Estimate whether integration in following types of companies would constitute a horizontal, vertical, or conglomerate merger.
The United States in currently running a large current account deficit. If Congress and the White House decide to enact policies to reduce or eliminate the deficit, what actions should they take? Describe the set of policy options available to the..
The United State imports Japanese cars with a domestic price of 5,000,000 yen and the yen or dollar exchange rate is 120 on January 1, 2003.
how does the replacement of home production with production through markets affect real GDP. how does it affect the usefulness of comparisons of real GDP per capita at the end of the twentieth century with the same measure at the beginning of the ..
(1) the price of television sets increases by 4% in Japan, (2) the dollar depreciates by 5% with respect to the yen (Japanese currency), (3) consumer incomes in the U.S. increase by 3%, (4) the price elasticity of demand for imported TV sets in th..
Explain a real life situation of a company having type monopoly power that is not due to government regulation. Find the source of their monopoly power and how do they exploit it?
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