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Q1. Pick a "society" and time in history you would consider that the vast majority were doing very well economically. What was the economic model followed by the leaders at that time (capitalism/socialism/communism)? How did each social group in that society fair during that time (how do you know)? What happened to that society (what made it go away and why)?
Q2. Explain: "Free-trade zones such as the EU and NAFTA lead a double life: They can promote free trade among members, but they pose serious trade obstacles for nonmembers." Do you think the net effects of trade blocs are good or bad for world trade? Why? How do the efforts of the WTO relate to these trade blocs?
Disposable personal income equals personal income and two factors are the keys to determining labour productivity
Does Ike feel emotionally neutral since the dollar value of the gain in his stock portfolio exactly offsets the amount of extra taxes he has to pay
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
Write down the budget constraint of the representative consumer and Write down the maximization problem of the representative consumer and find labor supply
What other economic factors are affected when taxes are raised or lowered, and how are they affected. Should the government increase tax rates on everyone as a way to equalize incomes and wealth.
Steps that a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept
Relative to Tom, does Dick require more bananas, less bananas, or the same number of bananas to give away an apple.
Each firm can monitor the other's price very closely and can respond instantly
Explain how each of the following variables will be affected by proposed steps that you have identified in the first part of the discussion: money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your respo..
Prime Products manufactures specialized goods to customers' specifications and operates a job-order costing system.
Outline reasons why the marginal revenue product differs between workers in different jobs.
Using the calculations from part a, and the methods described in class, calculate a 99% confidence interval for the population mean forecast, where the population 3 would consist of all economists.
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