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What does Friedman mean when he says the Earth is becomming "hot, flat, and crowded?" Describe three of the key problems that Friedman identifies in the book and explin why they re important.
Find out statistics on the web from 2004 to present on following indicators of the macroeconomic conditions of the U.S. economy.
Elucidate what would be the P and Q in a competitive industry. Find CS and PS for a competitive industry and a monopoly. compare them.
Democratic Republic of the Congo grows at a healthy 3% per capita, how long will it take Democratic Republic of the Congo to catch up with Luxembourg.
Government increases its spending by $2 billion and raises taxes by $1billion. Illustrate what happens to equilibrium income.
Explain how the market will respond to the new product. If demand is high, then it's worthwhile to make the extra investment for special facilities also equipment needed to produce the component internally.
Currently, boats rent for $500 per day and workers cost $100 per day. Suppose your company decided purchase 12 shrimp boats (Jenny 1 - Jenny 12). These boats are a fixed resource for the firm. Illustrate what is the short run total cost of produci..
Elucidate how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves.
Now she wants to pay off the remaining installments in one lump sum (at the end of 12 months). How much does she owe the furniture store?
Assume interest rate levels rise to the point where such bonds now yield 12 percent. Illustrate what should the U.S. Congress also the Federal Reserve do about it.
Discuss the positive aspects of globalization and contrast these with the negative aspects of globalization from the perspective of a small business. Be sure to address to pros and cons of outsourcing in your response.
Find the Nash equilibrium of this Bertrand game and find the equilibrium output and profit for each firm.
Economic laws are established in order to make successful prediction of the outcome of human action.
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