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Pick a topic and within your topic consider how economic forces (broadly defined) will impact technological development and how technological development will impact the economy. You must use proper economic terminology whenever possible and do your best to relate what you're doing to formal economic theory (e.g. elasticities and supply curves). You must develop some kind of mathematical or statistical model.You must make public policy recommendations based on economic efficiency / what maximizes the wealth of society.
In pure competition-marginal revenue
Assume that Country A has a population of 500,000 and only produces 1 good: cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfil all the demand. What is the composition ..
q.a mechanical engineer who recently graduated with a masters degree is contemplating starting his own commercial
Which of the following market transactions of final goods and services are excluded from the computation of U.S GDP
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. What would be the f..
What is your assessment of business's response to product and service quality and safety? Have they done enough? What is missing from their approaches?
Consider an economy that has the "typical" sacrifice ratio we discussed in the Power Points. If inflation is currently 6% and the economy would like it to be 2% within the year, that economy must experience a ____________% change in GDP (output).
Why would you expect the velocity of circulation of a monetary aggregate such as M1 or M2 to rise during periods of high interest rates and to decline during periods of low interest rates?
q.general cereals is using a regression model to estimate the demand as well as for twee tie sweeties a whistle-shaped
Sheridon Corporation is investigating automating a process by purchasing a new machine for $519,000 that would have a 6 year useful life and no salvage value. By automating the process, the company would save $135,000 per year in cash operating costs..
What are some of the steps that the Federal Reserve took in 2008 to prevent further contractions of the economy and money supply? What were the banks' reactions?
What is expansionary fiscal policy? What is the purpose of expansionary fiscal policy? What are the possible expansionary fiscal policy solutions? Why should the government be concerns with fiscal policy? What is stabilization in fiscal policy? Menti..
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