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The country of fenway consists of 2000 people which 1000 are working and producing 50,000 in real GDP suddenly 500 refugees show up and begin working, as a result real GDP increases 12,500. What happens to the standard of living?
Considers a consumer who suddenly changes her preferences with regard to air travel,
Describe the relationship of race, class, and gender and its effect on health and mental care delivery in the United States. What steps could be taken to guarantee that all have the same access to the appropriate health care? Should funds be made ava..
q. a business employing 8 workers to produce commemorative t-shirts for campus events organizations. they are currently
Providing handouts to the audience before a presentation is not advisable because
Suppose you are the manager of a California winery. How would you expect the following events to affect the market equilibrium price (up or down) you receive for a bottle of wine? Please state the shift (leftward or rightward) of demand or supply.
As an economist working at the International Monetary Fund, you are given the following data for South Africa: predicted per capita GDP, relative to the United States, as given by y=k^1/3, is 0.55, and total factor productivity is 0.33. What is the o..
It is often difficult to agree on the desirability of proposed government programs because of different perspectives regarding:
If the economy is suffering from a severe inflationary problem, high unemployment, and low growth as well as balance of payments deficit, what particular set of policies should government implement in order to attain both internal and external balanc..
Use of discretionary policy to stabilize the economy should the government use monetary and fiscal policy in an effort to stabilize the economy? The following questions address the issue of how monetary and fiscal policies affect the economy, and the..
Alpha Company is a competitive price-taker firm that is currently producing 100 units of output (Q=100). At the current level of production, the firm has Marginal Revenue of (MR=) $20, Average Variable Cost of (AVC=) $12, Marginal Cost of (MC=) $15, ..
Suppose that a typical firm in a monopolistically competitive industry faces a demand curve given by:
Describe a product that entered the market the past two to three years and succeeded and why it succeeded describe a product that has failed in the past five years what factors influenced the failure.
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