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a. Describe a situation where prices have been held out of equilibrium due to government intervention in the market-the obvious ones discussed in the text are rent control and agricultural subsidies. You may use a specific example of one of these, or any other example.
b. Were there any unintended consequences in your example?
Explain what macroeconomic topic the article addresses and summarise the article briefly to show your understanding and discuss what implications (if any) the chosen article has on Australia.
Explain why Brownstown's management was reluctant to release this information to its lenders.
Explain which of the following transactions would be directly counted in 2007's GDP. In each case, explain whether the action causes an increase in Consumption, Investment, Govt. Purchases or Net Export.
A Monopolist is deciding how to allocate output between two markets. The two markets are separated geographically. Demand and marginal revenue for the two markets are given by:
Illustrate what are the pros and cons of alternative strategies to tackle a foreign market.
Suppose Acme decides that instead of cutting the wholesale price of the CD players it will offer a $50 rebate to the consumer (that is, the wholesale price is $200.
Utilizing a supply and demand diagram, explain how speculative attacks occur in the foreign exchange market.
The company for Economic Cooperation and Development (OECD) provides some of the best data and statistics available for comparative international work.
Commmon and preferred stock issuances and dividends. Permabilt Corporation was incorporated on January 1, 2003, and issued the following stock, for cash:
Describe the US household is harmful to the economy with the use of AS-AD diagrams.
Describe the economic and political economy aspects of the globalization debate. Why has globalization created so much controversy.
Sketch a graph of demand and supply curves that shows the effect of an increase in rainfall on the equilibrium price and quantity of corn. Do price and quantity increase or decrease?
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