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1. What is the relationship between savings, capital formation, and consumption.
2. GDP is defined as the market value of all final goods and services produced within a country in a given period of time. In spite of this definition, some production is left out of GDP. Explain why some final goods and services are not included.
3. Explain why the value of intermediate goods produced and sold during the year are not included separately as part of GDP, but intermediate goods produced and not sold are included separately as part of GDP.
Consider the problem of the book assuming that the utility is Cobb-Douglas (U (C, l) = C α l β )
Essay on Market imperfection associated with negative externalities.
In a perfect capital market, advices for a corporate financial manager on making capital structure decisions.
Overview of the project's objectives and scope
The questions posed are broad and open ended so be careful to allow yourself enough research and planning time.
Explain why a monopolist will never set a price (and produce the corresponding output) at which the demand is price-inelastic.
Explain how a change in investment can have big impact on GDp causing nationwide slump. Recall that investment is "small' relative to the whole economy.
Taxi fares in New York recently were increased by nearly 50%. Predict the effect on the price of taxicab medallions, the earnings of taxicab drivers and congestion in New York streets.
What are the two problems facing the Bank of Canada in trying to control the money supply precisely?
Why might the existing firms in a cartelized industry prefer to be regulated by the government? What is the problem with common property resources?
Human service interactions in terms of macro systems-communities and organizations. Empowerment is basically a process to assist people groups, families and communities, individuals, to use their strengths to overcome their challenges.
In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Explain?
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