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"The Cloud Effect" Please respond to the following:
Please review Trade and Growth PowerPoint posted under Modules/Week 2 and answer the following questions: 1. What are the major strategies for economic development?
Would you assume this as an externality, and if you do, what would you suggest be done about it.
Explain the principles of microeconomics apply to other country. Describe any differences or special situations.
Write your individual answers to the questions listed above together in essay format (minumum of 300 words combined in APA style), using correct economic terms covered in the discussions. If you only write 300 words, you probably won't be able to ..
Explain what effect an expansionary fiscal policy would have on the price level and real GDP starting from full employment equilibrium.
Are they required to ensure economic growth and a prosperous country.
Suppose the Government decides to subsidize exercise by $2 for every mile (Q) consumers run at a health club that charges by the mile. The current demand for running is Q=12-2p.
How would you compare this case to the so called "prisoner's dilemma" case and how would you compare this case to the so called "Nash Equilibrium"? Explain the difference between this case and Nash Equilibrium clearly.
Suppose the Bulyanhulu mine always producesat the scale where its marginal cost equals the selling price ofgold. Its marginal cost curve however, shifts with changes inelectricity process, wages and other factors.
As we know about the own-price elasticity for good x.
Suppose the cross price elasticity of demand among peanut butter and grape jelly is negative.
Would the purchase of bonds by the Bank of Canada in 1.a) increase or decrease the potential for money creation? Explain in less than 5 lines.
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