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production possibilities frontier
1. Draw and explain a production possibilities frontier for an economy that produces milk and cookies. What happens to this frontier if disease kills half of the economy's cow population?
2. Use a production possibilities frontier to describe the idea of "efficiency".
3. What is the difference between a positive and a normative statement? Give an example of each.
4. Why do economists sometimes offer conflicting advice to policymakers?
Graphically illustrate the impact of an open-market purchase by the Federal Reserve on the equilibrium interest rate using the theory of liquidity preference and the market for real money balances. (Be sure to label:
This solution will focus on the negative impacts of NAFTA from two main fronts: the negative impact on trade and negative impact on employment.
Question based on Laffer Curve : Tax Rate and Tax Revenue, Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?
Using the IS/LM model, demonstrate the effect of each of the following changes.
Testifying at a price fixing trial involving Cargill Corp. and the market for chicken growth hormone, (in which the Cargill is one of only three firms worldwide), an executive for Perdue said
A profit maximizing firm produces three products X, Y and Z. The firm has no costs. There are three customers 1, 2 and 3. What will be the price of each product if the firm decides to sell them separately?
Business AB create Keyboards for laptop computers for sales to computer manufacturers (OEMs). Account information shows the total cost of producing four potential quantities of keyboard:
Elucidate the most important economic indicator affecting your organization and explain why.
Explain how does Global Intellectual Property Laws affect Telecommunication industry economic growth.
Illustrate recommendations would you make to Congress and the President for the management of fiscal policy.
Elucidate what are the effects of monetary policies on the economy's production and employment.
Given the Demand curve for flyswatters Q = 500-50P, estimate the quantity demanded for the following prices.
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