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Consider the market for automobiles, and draw representative supply and demand curves.
a) Suppose that the price of gasoline rises, and at the same time, the price of steel (an input to automobile production) falls. Show this on your graph. If you have no other information, what can you say about the change in equilibrium price and quantity?
b) Now suppose that you have the additional information that the rise in gasoline prices has been relatively large, while the reduction in steel costs has been relatively small. How would this change your answer to (a)?
The federal government can seek both criminal and civil convictions of polluters from:
Explain the impact of each of the following events on the market for union labor. Union-produced TV and radio commercials convince consumers to buy domestically manufactured clothing instead of imported clothing.
classical economists believe that. keynesian economists believe that. in dealing with the "great recession", the obama administration has largely followed the policies of ____________
q1. you manage a department in a large corporation. 2 years ago you had 20 workers and produced 40000 units. the
How does monetary policy affect the US production and employment? How has the US current economic situation affected you and your family.
Assume an economy without foreign trade (closed economy). The central bank perform a expansionary monetary policy and decreases the interest rate through increasing the money supply (one time). How does the production, price level and interest get ef..
q. suppose that the total stock s0 of a nonrenewable resource is 15 units. the quantity demanded of the resource in
Discuss a time when you have had to deal with a sensitive and/or a negative message like working in retail. What would you do differently in light of the material covered in this module? If you would do nothing differently, describe how your handling..
Which of the following expenditures are not included in the consumption component of GDP?
Decide to conduct a SWOT analysis to evaluate the value and risks. Provide a SWOT analysis and briefly discuss each factor.
The government is contemplating to implement actions to prevent climate change. If no action is taken then climate change will happen with a probability of 20%. There is a probability of 100-20 that there will be no climate change. We will not be abl..
The company is Target Inc suggest a new vision and mission statement Identify key stakeholders that the new vision and mission will need to be communicated to. Support your choice of stakeholders. Develop a plan for communicating the new vision and m..
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