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The consequences of price control measures are largely linked to changes in the level of output and the elasticities of supply and demand. Moreover, the imposition of statutory prices has not been much effective in achieving the intended objectives. Give explanations that are supportive of this argument:
Nominal GDP in a country was $8,759.9 billion in 2003 & $9,254.6 billion in 2004. The price index was 102.86 for 2003 & 104.37 for 2004.
Elulcidate briefly the fundamental determinants of economic growth and development.
What countermeasures could it take to prevent the Congress from expanding the money supply and What is the potential impact on the money supply? Suppose the central bank decided that the money supply should not be increased.
Edgemont Company had revenues of $230,000 and expenses, including income taxes, of $190,000. On December 31, 2005 Edgemont had assets of $350,000,
Elucidate the most important economic indicator affecting your organization and explain why.
You are required to read and analyze a recent article from the Wall Street Journal, each covering a different topic addressed in the course. You will then write a 1-page review of each article.
Draw a set of indifference curves for Jones, and second set for Smith, with alcoholic drinks on vertical axis and non-alcoholic on the horizontal axis.
How did the 1971 law that banned cigarette advertising on television solve the prisoners' dilemma for cigarett producera (a)What is the meaing of tit-for-tat in game theory (b) What conditions are usually required for tit-for-tate strategy to be the ..
Two bonds are available for purchase in the financial markets. The first bond is a two-year, $1,000 bond that pays an annual coupon of 10 percent. The second bond is a two-year, $1,000 zero-coupon bond.
Manchester Foundry produced 45,000 tons of steel in March at a expenses of $1,150,000. In April, foundry produced 35,000 tons at a cost of $950,000.
Which of the following goods and services are included in the U.S. GDP and by how much? If a good or service is not included, explain why.a. Donna spends $100 on house paint.b. On a nice sunny weekend, Donna uses the paint that she purchased to paint..
The 2009 World Development Report provides the following information for Colombia and Thailand. Explain carefully what each of the entries in the four columns of this table measures. Do these measures capture important dimensions of poverty?
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