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Short essays. Answer each question as completely as possible:
1. Distinguish between liberal economics and conservative economics. Why is macroeconomics an inherently political subject?
2. Summarize the problems that can be created by rapid inflation. How can inflation become self-perpetuating?
Discuss the following excerpt from a recent story in the Wall Street Journal. In your discussion demonstrate that you can use the concepts of: "price discrimination" and "barriers to entry" to explain: A) the current success of Harrah's strategy; and..
Consider which stage of Maslow's Hierarchy of Needs you are most likely in that drives a lot of your purchase decisions. Are those purchases consistent with this stage? As noted in the topic, a person could be at different levels in Maslow's Hierarch..
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? b) Explain what is meant by a built-in stabilizer and give two examples.
Based on some economists' definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market.
with the aid of a diagram explain how a floating exchange rate is determined. Explain how will a depreciation of the rand influence our exports and imports.
How does the concept of capabilities to function' help us gain insight into development goals and achievement? Explain its contribution in measuring level of development.
Cara has available h = 3000 hours per year for participating in the labor market and for leisure. She gets a wage w = $18 for the first 2,000 hours of work. If she works more than that, the wage on the additional hours is increased by 50%. She receiv..
q.wine productionin wine production raw materials grapes are the single biggest cost. the cost of the grapes may be as
Explain how the market for corn would be affected if ethanol, a corn derivative, was used to fuel cars in the united States. How would the market be effected if new technology cause corn farming to be more efficient.
Limited partnership arrangements alleviate which traditional problem associated with real estate investments.
At his current consumption basket, his marginal utility for hot dogs is 5 and his marginal utility for sodas is 3.
You purchased a bounce house one year ago in which you were required to invest $6,500. One year passes. You decide to sell the bounce house. During the year you were paid $4,000 in profits. If you sell the bounce house today, you could receive $6,100..
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