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In a 2009 Newsweek article, The 50 Most Powerful People List, there are 3 bankers who are listed as the 4th, 5th, and 6th most powerful people in the world.
Read the following article on the "Economic Triumvirate": Downloadable pdf version: The Global Elite: Economic Triumvirate,
Explain why these three men (the 3 bankers who are listed as the 4th, 5th, and 6th most powerful people in the world) might be considered more powerful than most countries' leaders.
Explain how or why, during the recession of 2008-09, banks of the world seemed to unite on cue to lower interest rates worldwide.
Provide a short, 2-paragraph policy on how you would improve U.S. monetary policy. Use APA style to cite any references that may support your policy or a current policy that you are refuting.
Explain why the payoff matrix in Problem indicates that firms A and B face the prisoners' dilemma. Problem states: from the following payoff matrix, where the payoffs are the profits or lesses of the two firms, determine (a) whether firm A has a ..
What is the difference among a positive and a normative statement. Why do economists sometimes offer conflicting advice to policymakers.
What are the current values of the three main macroeconomic indicators and Why does the demand curve for money increase (more money demanded at all interest rates) when GDP increases?
You need your job and you want to help your boss. But you're just not sure in this particular situation. What is the ethical problem in this situation? What steps should you take? When should you take them? Who should you talk to about this? Why?
The only other costs associated with manufacturing and distributing Brand X chips are the costs of raw potatoes, peanut oil, and bags; last year FoodMax spent $2.8 million on these items, which were purchased in competitive input markets. Based on..
Suppose that the officials in Ecoland have compiled the following data about their economy for last year:
Industries in which there are only a few sellers of closely identical products a. Are usually perfectly competitive in their price policies since each firm knows that by cutting its price a little, it can capture a significantly larger market shar..
Paradox Dental, Limited., enjoys a local monopoly in provision of oral examination services in Tuskegee, Alabama. Total and marginal revenue relations for standard procedure are:
A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters (mail outs) to potential voters in an election campaign. Describe the "production function" for campaign votes.
Find out the average total cost and average variable cost as a function of the level of output. Assuming the firm has the same cost curves in the long-run for q>0 and C (0) =0, how much will it produce in the long-run?
Consider a farm in the former Soviet Union. Try to describe how dicisions on the number of chickens to be raised, and the amount of each feed to use in raising them, were made under the old communist regime.
Define unemployment. Should everyone who does not hold a job be considered "unemployed" To help with your answer, draw a supply and demand diagram depicting the labor market. What is measured along the demand curve
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