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Give an explanation, in your opinion, of the cultural impact of government mandated price ceilings such a rent control in New York City. Such things as supply of housing, redistribution of resources, shortages, market distortion and incentives should be covered.
Plot residual by time and explain residual plot where you find any problem. Do we violate any 7 assumptions of OLS. If so, what are consequences.
The topic of banking and its role in the economy has been an interest of many students in this class due to the experiences during the 2008 recession. Many find this chapter enlightening as a way to better understand the economic history of 2008/2009..
Discuss the causes and consequences of the Latin American debt crisis of the 1980s and the Asian financial crisis of 1997-98. How were these crises different? How was this possible and why did Malaysia reject the suggested reforms?
q. the article states growth in the export sector has been one factor contributing to overall growth. how would we
As a result of standardized products, under perfect competition:
You are the buyer for your university bookstore. One of the textbooks has a cost to you of $ 100 and you sell it to students for $140. Any copies of the book that you order and do not sell to students can be returned to the publisher for an average $..
In a competitive industry the market-determined price is $12. A firm is currently producing 50 units of output, average total cost is $10, marginal cost is $15, and average variable cost is $7. In order to maximize profit, the firm should
Explain how each of the following will affect the average fixed cost, average variable cost, average total cost, and marginal cost curves faced by a steel manufacturer.
You decide today that given the current price level (i.e. cost of living) you would be willing to accept any job that pays at least $50, 000. You will not accept any o?er below this. Currently, the CPI is 238 (recall, the base year for the CPI is 198..
Economists oppose limiting economic growth possibilities because such limits would inevitably involve
For products like parking lots and hotels, costs of building capacity are mostly fixed or sunk and firms in this industry typically face capacity constraints.
Within the past 5 years a certain country ended its almost 2-year peg (fixed) of its own currency to the US dollar. What country was this? What year did it end? Why did it end its fix to the US dollar?
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