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Retirement of the baby boomers threatens the Social Security system because the number of retirees will be relatively large compared to the number of workers remaining by 2020. What possible actions could offset this effect?
Allan Sports sells snowmobiles in a Northern Suburb of the Twin Cities. For the third year in a row sales have been dismal.
Illustrate what are those key objectives and what are the key tools does the Fed use to achieve those objectives.
explain how much will real GDP change. Explain how the concept of comparative advantage was relevant to the trade negotiations.
Assume the effect on the marginal expenditure curve and compare the pre- and post-minimum wage equilibria.
One of the major political developments of the past several decades is the growing size and economic/monetary integration of the European Union. Elucidate what effect do you think this will have on international trade between countries.
As the number receiving the bonus vary from year to year due to the state of the economy.
Consider a firm selling two different products at two different plants. The cost function for both plants is given by C (q 1 , q 2 ) = q 1 2 + αq 1 q 2 + q 2 2 .
Elucidate how the Law of Diminishing Marginal Product results in u-shaped average cost curves, both Average Total Cost (ATC) and Average Variable Costs.
illustrate what it implies for the relationship between labour supply and productivity growth.
Discribe in detail ONE factor of how government involvement in the marketplace can impact or not impact the economy.
Assume the U.S. government determines that cigarette smoking creates social costs not reflected in the current price of cigarettes in the market
Two identical firms face linear demand. Market demand is given by P=30-Q. Compare graphically consumer and producer surplus in Cournot and Stakelberg equilibria to perfect competition.
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