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We are constantly hearing about mass exodus of jobs in other countries (phone service, computer services, sales). Use the concept of comparative advantages to explain why this is occuring. Also, explain how the U.S. beneits more in the long run from this shift. What sectors are harmed by the shift?
Michael Illitch bought the Detroit Tigers in 1992 for $82 million, which amounted to $114.15 million in 2005 dollars. by 2005, the Tigers were worth $292 million. Calculate the real compound annual rate of return on that investment.
Suppose that as a result of many years of investment in research and development of new technologies, an economy discovers a new way of producing energy using renewable sources.
Show the results of a Fiscal Policy action that will bring this economy to full employment level of Real GDP. Explain the effect on the fiscal budget and show the effect on the Money Market and the Investment Market.
The ability to create new products and process and to organize production to make goods and sevices available.
In a speech, Professor Gregory Mankiw contends that our elected federal leaders should raise the gasoline tax. Not quickly, but substantially.
what are the implications for economic growth and development for these nations.
Describe the role of Banking and Financial Intermediaries in the economy and how banks create money through lending, as well as the Deposit Expansion Multiplier.
Illustrate what role does economics play in your personal and organizations decisions. Give an example of the role of economics in decision making.
Discuss the market for pharmaceutical drugs. Is the market for pharmaceutical drugs an oligopoly market or a monopolistically competitive market. Discuss the importance and cost of research and development. Does every drug pay off.
Using aggregate demand, short run aggregate supply and long runaggregate supply curves, explain the process by which each of the following economic events will move the economy from one long run macroeconomic equilibrium to another.
Assuming a linear demand relationship determine the demand equation for cigarettes. Show all your calculations. Determine the nature of the Return to Scale as exhibited by the above production function.
the branch manager given the objective to maximize revenues by pricing a new stereo system composed of a reciever, CD player, and speakers. Your economists have estimated that two diffeernt groups will purchase these products.
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