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If the demand for money depends positively on real income and depends inversely on nominal interest rate, determine what would happen to the price level today if the central bank announces [and people believe] that it will reduce the money growth rate in the future, but it does not change the money supply today?
Illustrate what are the benefits of free trade. Who are the winners and losers when the government imposes tariffs and quotas.
Explain why are there significant disparities in the cost of living throughout the US.
Whre the rest of the world propelled by the requires of developing countries, continued to increase by the historic rate. What would be the US share of total consumption in 2050 in percent.
You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia.
Elizabeth Corday, a quality control supervisor for Surgery Products, Inc., Compute the unit cost growth rate using the constant rate of change model with continuous compounding.
Budweiser, Miller and Coors who together produce 80% of all beer consumed in the US, each spend well over $250 million a year on television advertising campaigns, promoting their beer brands.
What happens to the demand for pizza if the price of that product decreases? What happens to the supply of tomatoes if the wages of tomato pickers increase?
Think a country A with a population of 220 people; 200 are working age and 180 are in the labour force. Thirty people are without a job and 30 have a part time job.
Illustrate what are the comparative advantage that would exist when the selected country has a margin of superiority.
Utilizing free markets and the price system always results in a more efficient resource allocation than central planning. Just look at what happened in Eastern Europe.
Estimate the own price-elasticity of demand.
Determine, how the following will affect the slope of the output demand curve, and explain your results:
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