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During World War 2 gasoline and other consumer goods were in short supply on the home front so that maximum resources could be diverted to the war effort. In order to cut back on the consumption of these many products, rationing coupons were issued to households. In the gasoline, in particular, a "black market" quickly arose. Using the tools of supply and demand analysis, explain how these rationing coupons were valued.
Why would China want its own currency to be undervalued relative to the U.S. dollar? How does china maintain an undervalue currency?
you are given the following functions in a fully competitive marketmarket demand function qd 20 - 3p market supply
Discusss the effects to the equilibrium price level and GDP. Make sure to address consumption, disposable income, and aggregate demand in your answer.
q1. assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run. if price
Elucidate what is the effect of such tax on economic efficiency also the effect on economic equity. Do you think this was a popular tax.
Elucidate the way in which short-run AFC, AVC, ATC also MC vary as the output of the firm increases.
If he is an expected utility maximize who tries to maximize the expected value of ln W, where ln W is the natural log of his wealth, Explain how many coupons would it is rational for him to buy.
What are the advantages and disadvantages of regression models in comparison to using a computerized regression routine.
Illustrate what whould be the appropriate elasticity to compute. Using the midpoint method, compute this elasticity.
The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
suppose there are 50 honey producers in the market. What is the equilibrium price of honey? How much profit does an individual producer make in a month?
Your final project will require you to examine any foreign currency of your choice (preferably one from an emerging market), and provide an analysis of that currency against the U.S. dollar over the 5-year period ending with 2010
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