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1Why study Economics in Information Age? What is the difference between Macroeconomics and Microeconomics? Give examles to substantiate your answer.2-Why does the demand curve slope down? Why does the supply curve slope up? Give examples.
3-What is GDP? How it is different from GNP? Does information technology help in assessing the GDP more accurately? How help it is for Economist in forecasting for future?
4-How do individuals of one nation trade money with individuals of another nation?
5- List the goods you believe are price inelastic and price elastic and explain why.
6- How do changes in exchange rates affect international trade? How do nations record their transactions with the rest of the world?
7-Define foreign exchange and the foreign exchange market. PROVIDE EXAMPLES. Distinguish between appreciation and depreciation of a currency. PROVIDE EXAMPLES
question. firm a is the sole supplier of a certain product. as marginal cost equals average cost mc ac 30 and it
Briefly describe the plot of a disaster movie in which an electromagnetic pulse causes the shutdown of all electronic equipment and financial activity to grind to a halt.
acme health has three plans it offers to mid-size employers.this basic one costs 4000 for the employee this year plus
The government has imposed a tax on gasolone. What is the amound of the tax per gallon of gasoline How much tax revenue will government collect from this tax How much of the tax is paid by consumers
1. a firm uses two variable inputs labor l and raw materials m with typically shaped isoquants. it pays 20 per hour for
Think about our economy. Irrespective of economic conditions, we consume many goods and services in various quantities. There is a constant allocation and re-allocation of resources. How does this happen?
A fundamental assumption of administrative reformers in the late 1800's and early 1900's was that politics could have only adverse affects on administration. How valid is that belief?
Three students consider the option of forming a lawn care and landscaping business during their summer vacation. They estimate the following costs: Insurance $2,600; Equipment Rental Fees $1,000; Fuel and Supplies $4 per lawn serviced and Miscellaneo..
assume that four mineral water producers compete in prices in a bertrand setting. the firms differ with respect to
Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a simple interest rate? What would be the future value if the interest rate is a compound ..
Explain what strategies you used to formulate a viable argument.
explain the income effect and how this might influence ticket sales for nfl?do you think wrigleys will raise or lower
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