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During the Civil War, one of Lincoln’s first actions was to blockade ports, which prevented trade. The South had to increase its production of munitions and food.
Suppose that the black market for Internet providers arises, with internet service providers developing hidden connections. Illustrate the black market for inter access, including the implicit supply schedule, the ceiling price, the black market s..
Illustrate what effects do technologies have on costs. What are some lower cost sources the organization may utilize to reduce cost.
Think IS LM BP model of an open economy with sticky price levels in local currency, perfect asset substitutability, perfect capital mobility and static expectations.
Elucidate what does it mean to specialize according to one's comparative advantage and trade internationally and an example of a business using this principle.
Note that the first set of numbers represents the various incomes; whereas the second set of numbers represents the number of people earning each of these incomes. For example, in Avataria there are 50 people with the income of $100, 25 people wit..
even though they could have sold the units for substantially higher prices. Explain why do you think that the merchants adopted this policy.
Describe three problems of using fiscal policy to achieve a precise level of GDP and why is frictional unemployment inevitable in an economy characterised by imperfect job information and non-zero job-search time?
If the market has an expected return of 10 percent, a standard deviation of 20% and the risk-free rate is 4 percent, what proportion of your money should be invested in the market if you want an expected return of 16%?
What must and entrepreneur do to earn a profit? (2) How do the actions of firms earning profits influence the value of resources? (3) What happens to the value of reseources when losses are present?
Illustrate what happens to the supply of new homes. What happens to the demand for new homes.
Create another diagram; once again start from an initial macroeconomic equilibrium. Explain both the SR and LR impact of a contractionary AS shock on Y. Use the appropriate diagrams and provide a brief real world example of this type of shock.
Illustrate what will be the actual dollar change in revenue and does it rise or fall.
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