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You observe that output is above full-employment output. Politicians are arguing about the possible reasons. One party claims that this is due to a drop in world oil prices. The other party claims that this is due to an increase in consumer spending. Using aggregate supply-aggregate demand graphs, explain (a) how each of the above reasons could cause an increase in output, and (b) what evidence you could use to determine which one of these had occurred.
Do analysis of the economic and ethical implications of the article event.
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
Assume that Japanese and U.S automakers produce on identical isoquats. Wages are higher in Japan than in the United States.
If the Rhine Corporation ignores the possibility that other firms may enter its market, it should set a price of $10,000 for its product, which is a power tool.
What does the firm have a profit maximising plan in the long run. If no, explain why. If yes, is the plan unique.
Name various areas of business in the US (or world) where the prevailing market structures have changed dramatically in the past twenty years and discuss the direction of the change.
Illustrate what would happen if the government intervened and lowered the maximum price that could be charged for this service or good. How would this change the output and price.
Which country is capital abundant according to the Heckscher-Ohlin theorem? Given your answer to (a), draw the PPF for Canada. Also draw the indifference curve and the relative price line for the no-trade equilibrium.
Diffentiate among short-run and long-run and consider the role of expectations.
Find out the marketplace value of output and household saving. What is the relationship of saving and investment.
Find out the optional number of units to put in a package. How much should the firm charge for this package?
The discussion centers on how person or consumers would react during a period when a country's GDP growth rates.
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