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1. What role do technological advances play in the classical theory of growth? The neoclassical theory? The new theory?
2. Explain why sports league are often willing to give major wage concessions to player’s unions in order to stop the entrance of a rival league into the market.
3. Discuss the operational aspects required to maintain a fixed exchange rate. Provide examples and elaborations.
4. Define economic value. Do both perfectly competitive producers and monopolists create it? If so, why, and if not, why the difference?
Illustrate what do you conclude about the ability of these indexes to measure changes in real income.
Explain the meaning of monetary neutrality and illustrate graphically that there is monetary neutrality in the long run in the aggregate demand–aggregate supply model.
CB Electronix must buy a piece of equipment to place electronic components on the printed circuit boards it assembles. The proposed equipment has a 10-year life with no scrap value. The supplier has given CB several purchase alternatives.
Assume the demand for balloons is P=40-2Q. The supply is P=3Q. What is the equilibrium price and quantity? What is producer surplus? What is the consumer surplus?
Explain how the reduction in supply from the reduced fishing waters will either increase or decrease consumer surplus and producer surplus.
Make a list of businesses that provide goods and services that you or your family members use in a typical week.
Consider an agricultural subsidy provided by the US government. Consider also that milk is one of the products subsidized. If there is NO trade with the rest of the world, the domestic price of milk in the US would be $2.25 per gallon and the equilib..
Please evaluate the effect that different governmental policies would have on the equilibrium price and quantity of wheat. Please note that the quantity of bushels of wheat purchased does not have to be a round number since Q is in billions of bus..
What are the pros and cons of the Economic Stimulus Bill (The American Recovery and reinvestment act of 2009). Provide your arguments and defence for a method to jump start the U.S. economy in a time of recession.
A woman wishes to make a uniform deposit every three months to her savings account so that at the end of 10 years she will have $10,000 in the account. If the account earns 6% annual interest, compounded quarterly how much should she deposit each thr..
"After a spike last week as Hurricane Irene threatened East Coast oil refineries, Atlanta gas prices have started falling, according to a website that tracks how much we pay to fill up our tanks. Metro Atlanta's average price early Monday of $3.65 fo..
Explain the various levels of economic integration. What level of integration has the European Union achieved? How will plans to create fiscal union change the relationship between member countries?
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