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1. During 2005, Orlando, Florida, was growing rapidly, with new jobs luring young people into the area. Despite increases in population and income growth that expanded demand for housing, the price of existing houses barely increased. Why? Illustrate answer with supply and demand curves.
2. The U.S. government administers two programs that affect the market for cigarettes. Media campaigns and labeling requirements are aimed at making the public aware of the health dangers of cigarettes. At the same time, the Department of Agriculture maintains price supports for tobacco. Under this program, the supported price is above the market equilibrium price, and the government limits the amount of land that can be devoted to tobacco production. Are these two programs at odds with the goal of reducing cigarette consumption? As a part of your answer, illustrate graphically the effects of both policies on the market for cigarettes
Illustrate what role does economics play in your personal and organizations decisions. Give an example of the role of economics in decision making.
Proponents of trade liberalization which freer trade might actually improve the quality of the environment.
Compute and contrast at least two two-year forcasts from separate sources for two economic indicator.
Assuming no population growth or technological progress, find the steady state capital stock per worker, output per worker, consumption per worker and investment per worker given that the rate of saving is 20% and depreciation rate is 10%.
Make a schedule showing total product, average product of labor, and marginal product of labor using a range of labor inputs
Utilizing a supply and demand diagram, explain how speculative attacks occur in the foreign exchange market.
Write down an equations for total revenue and marginal revenue.
Illustrtae what are the different incentives that investors have to hold TIPS.
As compared to high Japanese inflation may result in an increase in the supply of yen for sale
Explain how specifically does this information affect your desire to sign a two-year contract with Toy Yachts R Us.
Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than.
Elucidate how cost-push inflation might prompt policymakers to take actions that subsequently cause demand-pull inflation.
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