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You must complete two Short answer questions and one Essay question for the Exam.
All answers must be in the form of a paragraph (minimum of 5 sentences per paragraph). Please select from below:
Short Answer
1. What is systemic and non-systemic risk? Please provide examples of both.
2. How is the Gini coefficient related to the Lorenz curve? What do the recent results infer?
3. What are the various transfer programs the government performs?
Essay
1. Define and explain three barriers to trade. What effect do these barriers to trade have on domestic consumer surplus? What is the Riccardo Effect in relation to specialization and exchange? Who benefits from specialization and exchange in terms of domestic and international consumers and producers?
2. Define and explain the purchasing power parity (PPP). How is inflation adjusted for within currency exchanges? What would happen to the costs of doing business if we went back into a "Bretton Woods" type agreement? What is a fractional reserve system and would it still be susceptible to a classic "run on the banks"?
In a closed economy an increase in the public sector deficit implies that the private sector is demanding more bonds.
1. demand and supply curves of physician care services per day are given by the following equations qd 800 - 5p and qs
Suppose there are 100 firms in a perfectly competitive industry. Each firm has a U shaped long-run average cost curve that reaches a minimum of $10 at an output level of 8 units. Marginal costs are given by MC(q)=q+2 and market demand is given by Q..
In view of the weak economy of the last several years, explain which of the four components of GDP had, or is having, the greatest positive impact in our economy.
california employers of more than 50 workers are now required to offer paid family leave for workers with newborn
The topic of unemployment in the U.S. Use a minimum of three scholarly sources. You have the freedom to take any aspect of unemployment that you desire to research.
Describe how global competition impacts my organization. Should the Starbucks industry reduce production or shutdown their operations.
Explain how would you interpret the slope coefficient also illustrate what is the rate for the period under study.
If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development? What condition would encourage research and development in competitive i..
Bridget has a limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese.
Explain how have society and workplaces changed and what are strategic human resources management implications of these changes for organizations?
Higher unemployment caused by ression and higher prices have contributed to substantial reduction during 2008 in the number of vehicles on bridges, roads, and in tunnels.
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