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What are the main reasons why countries trade? Are there winners and losers with free trade and export? What is the effect of trade on the unemployment rate in the United States? Please provide concrete example. Reflect on your learning experience in this course. Do you have a better understanding of the working of the economy? What was the most important take away from the course? What would you change? Write your initial response in four paragraphs
Consider a macroeconomy was initially at equilibrium level of real GDP. Using an aggregate demand and aggregate supply diagram or model of the economy, graphically illustrate and discuss the short-run and long-run effects of the following events upon..
Assume initially that the demand and supply for premium coffees (one-pound bags) are in equilibrium. Now assume Starbucks introduces the world to premium blends, and so demand rises substantially. Describe what will happen in this market as it moves ..
Firm ‘A’ can make either 500 flashlights or 2000 batteries.Firm ‘B’ can make either 650 flashlights or 1500 batteries.
Explain briefly the advantages and disadvantages for each tool the Fed can use to manipulate the federal funds rate.
Brian is taking three courses this semester: economics, statistics, and finance. He has decided to spend 19 hours per week studying his objective is to maximize his average grade.
Assume if you scale up every price and nominal income in the same positive proportion Elucidate why this is true.
Create a supply and demand graph and identify areas of customer’s surplus and producer surplus. Given the demand curve, determine what impact will an risee in supply have on amount of customer surplus shown in your diagram?
In the late 1990's "mad cow" disease caused people to buy less beef. It also caused the European Union to ban imported British beef and the British government to ban the sale of older cattle. What is the effect of the above on price and quantity o..
Describe how the federal reserve kept the US from sliding into a deeper recession after.
(a) What is mean by that Explain "strategic behavior" and relate that to the "Kinked Demand" model of oligopoly. (b) Explain the importance of mergers in oligopolistic markets. Is there much price competition in an oligopolistic market
If an alternative has monthly payments of $10,000 a month for three years with a purchase price of $75,000 at the end of year three, what would the cash flow diagram look like. what would the cash flow diagram look like
A movie production company faces a linear demand curve for its film, and it seeks to maximize total revenue from the film's distribution. At what level should the price be set Where is demand elastic, inelastic, or unit elastic Explain
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