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Production possibilities have been used by several economist to develop their theories. What is its definition?
Illustrate what are the benefits of free trade. Who are the winners and losers when the government imposes tariffs and quotas.
Determine the profit-maximizing quantity for a monopolist. You can ask the firm's to draw the firm's revenue and cost curves
Suppose that the market demand curve is P=1000-0.08Q and the market supply curve for some industry is P=0.02Q+100.
Which country has comparative advantage in producing cars? Which country has comparative advantage in producing helicopters - Which country has absolute advantage in producing cars? Which country has absolute advantage in producing helicopters?
Explain how the concepts of total utility, marginal utility, and utility maximization.
Taxi fares in New York recently were increased by nearly 50%. Predict the effect on the price of taxicab medallions, the earnings of taxicab drivers and congestion in New York streets.
Differentiate among movement along and shift of the demand curve. Explain the relationship between market and aggregate supply and demand.
Suppose you work for a drug manufacturing corporation that holds a patent on Hair Grow, the world most effective drug for restoring hair.
What is the "current macroeconomic situation" in the U.S. - What fiscal policies and monetary policies would be appropriate at time?
abs reported the following data for october 2011labour force participation rate 65.6 per centworking-age population
Technological change eliminates thousands of jobs every year. Unless something is done to slow the growth of technology, ordinary workers will face a bleak future of low wages and high unemployment." Explain why you either agree or disagree with this..
The rules of the federal government influence outcomes of many activities in that economy. When government rules change or unplanned events occur, the resulting economic activity will usually change.
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