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Determine what are economic decisions made in tradition, command and market economies and what are the pros and cons of each? Do any of these systems completely solve all economic problems? What kind of economic system does Canada have? Why are the words economies gravitating towards market systems?
What are the firm's fixed costs? What is the firm's marginal cost? Now suppose other firms in the market sell the product at a price of $10.
E;lucidate whether each among the subsiquent is an example of an automatic fiscal stabilizer.
A change in the money supply has no effect on the long run values of the interest rate or real output.
At the end of 2002, the (1-year) interest rate was 1% in the U.S., and 26% in Argentina. Recall that at the same time, the spot rate for the Argentine currency was Peso 4.00/$.
The following item appeared in a major daily newspaper: does this observation in fact violate laws of supply and demand.
Suppose that the airplane can be purchased from an outside supplier. What is the relevant unit cost for this make-or-buy decision.
"If every employer hired its best qualified applicants for a job at every opportunity, the phenomenon of black poverty (as distinct from poverty) could be wiped out in ten years." Do you agree/disagree? Comment.
The manufacturer of these products has been in business for over 350 years.Your task is to find two more businesses which have also been around for at least over one hundred years.
the grocery store next door provide an offers to double coupon night for Senior Citizens.
When is international job an opportunity for workers. When is it a threat to workers. What are some of the major challenges confronting the international trading system.
Suppose which major function of profit is to allocate resources according to consumer preferences
Describe whether capital generated in the industrialized countries is finding its way to the less-developed.
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