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Q.1. In most developing countries, there are long lines of taxis at airports, and these taxis often wait two or three hours. What does this tell you about the price in that market? Discuss using supply demand analysis. (200 to 300 words)
Q.2. In the mid 1990s, Japan's annual money supply growth rate fell to 1-2 percent from an average annual rate of 10-11 percent in the late 1980s. Explain what effect did this decline have on: (Total 200 to 300 words)a. Japanese real output?b. Japanese unemployment?c. Japanese inflation?
Q.3. Change in Income (∆Y) = $1000 billionChange in Consumption (∆C) = $900 billion
a) What is the Multiplier?b) If as a result of decrease in taxes by government, national income goes up immediately by $100 billion what will be the effect after the Multiplier process is complete.
Q.4 Are you in favor of either deficit spending on the part of government or one of a balanced federal budget and budget surpluses? My position is in favor of a balanced federal budget and budget surplus.
Present your argument and discuss the economic situations when your position can be successfully implemented and when it may be doomed to failure.
Depends on the data above, describe why public health officials generally advocate the use of cigarette taxes to reduce teenage smoking.
You are the manager of a firm in a new industry. You have gotten the jump on the only other producer in the market.
Discuss briefly what you think the way in which the HDI is constructed. (Briefly means no more than five lines of text. Excesses are severely penalised.)
The economy will contract or shrink if leakages exceed injections. Are you agree with this statement.
Each of the following headlines describes an event that will have an effect on desired aggregate expenditure
Suppose you're an economic advisor in charge of trying to raise a maximum level of tax revenue for the government. You consider taxing the suppliers in the market for corn, a major agricultural product in the United States.
What types of inefficiencies and/or externalities arise in each renewable resource case that interferes with sustainable and efficient management results?
Prior to opening his hardware shop Bob worked as an investment banker earning $175,000 each year. He pays his employees $150,000 per year.
Illustrtae what is the final impact of expansionary fiscal policy on the price-level and real output.
Find out the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
Use the data below to find out the growth of income per person (over the entire period, not an annual basis) between the two years listed.
Provide high domestic interest rates, what is the economic outlook for these Asian countries in the next few years.
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