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Question1. In most developing nations, there are long lines of taxis at airports, and taxis often wait 2or3 hours. What does this tell you about the price in developing nations market? Discuss using supply demand analysis.Question2. In the mid 1990s, Japan's annual money supply growth rate fell to 1-2% from an average annual rate of 10-11 % in the late 1980s. Explain what effect did this decline have on: [A] Japanese real output?[B] Japanese unemployment?[C] Japanese inflation?
Question3. Change in Income (Y) = $1000 billionChange in Consumption (C) = $900 billion
[A] What is the Multiplier?[B] If as a result of decrease in taxes by government, national income goes up immediately by $100 billion what will be the effect after the Multiplier process is complete.
Question4 Are you in favor of either deficit spending on the part of government or one of a balanced federal budget and budget surpluses? My position is in favor of a balanced federal budget and budget surplus.
Present your argument and discuss the economic situations when your position can be successfully implemented and when it may be doomed to failure.
Illustrate what would happen if the government intervened and lowered the maximum price that could be charged for this service or good. How would this change the output and price.
A certain machine expenses $25,000 to purchase and install. It has salvage values and operating costs as demonstrate in the table in the attached file. The salvage value of $20,000 listed at time 0 reflects the loss of installation costs at the time..
The Microsoft trial has been only one of the biggest investigations of antitrust behavior as the turn of the century.
You have been hired to work with a resort owner in Northern Minnesota. This resort owner runs a very small operation catering to mostly people who like to fish.
Compute the implied arc income elasticity of demand. Holding all else equal, would a further increase in price result in higher or lower total revenue.
Describe the opportunity cost of good 1 in terms of good 2. Find out the opportunity cost of good 1 at the point where x1=1.
Do you think that the World Bank is orientating its action in a right way or not and if not, any ideas of how to redefine its action.
Production procedures elucidate the law of increasing opportunity costs.
Describe regarding the best solution for preventing someone from making illegal copies of music files.
Since inventories are not a large component of GDP, how can they affect GDP so sharply explain how will the replenishment cycle affect GDP in the near future?
Which of the following is a long-run macroeconomic policy goal? If the CPI was 132.5 at the end of 2003 and 140.2 at the end of 2004, the inflation rate over these two years was
In current years non-tariff barriers have gained in importance as a protectionist device. Describe and evaluate the major non-tariff trade barriers.
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