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1. Why might the Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than those of Neanderthals?
2. Why might failure to specialize explain why Neanderthal groups in difference areas did not trade? (Remember that comparative advantage is the key basis for trade.)
3. For a review of the economic theory of the demise of the Neanderthals and main arguments against the idea that economic failings were the main source of Neanderthal's extinction.
Take a look at the Productivity Growth Rate over the past twenty years and over last five years, and describe the macro economic implications such as Potential GDP, GDP growth and inflation,
As the Federal Reserve utilize its special powers to buy and sell government bonds, how does buying and selling government bonds affect the supply of money in the economy.
Illustrate what conclusions can you draw about this period by comparing this cycle to the previous business cycles. You may want to check the links to the two most recent Announcement Dates for further information.
Describe how a change in investment can have big impact on GDP causing a nationwide slump. Recall that investment is "small" relative to the entire economy.
Briefly discuss and illustrate the circumstances under which the minimum wage would (1) not lead to unemployement, amd (2) not cause a reduction in the total earnings of low-wage workers who are still employed.
The Wall Street Journal reported that businesses are aggressively pushing customers to pay their bills electronically. Numerous banks dropped their monthly fee for online bill paying,
Some states have had laws limiting the sale of most goods on Sunday. Most customers oppose these laws because they discover Sunday afternoon a good time to shop,
Theory Galbraiths of consumer demand has an important implication in terms of underallocation of resources to public goods.
Elucidate the price should you charge for a midsized automobile if you expect to maintain your record sales.
Illustrate what does the report say about the corporation view of future business challenges and the market in which it operates.
Determine the rate at which Mitsubishi can rent capital and the marginal productivity of labor at its new targeted level of output. To minimize costs Mitsubishi should hire capital and labor until the marginal rate of technical substitution reache..
Write an essay of about 3,000 words using the approaches developed in the module to appraise the fiscal strategy of the Conservative-Liberal Democrat coalition government.
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