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Subsidy versus Tariff
You have learned that a subsidy is preferable to a tariff is the objective is to generate a given amount of employment in an individual industry. Explain this point of language so that it is understandable to someone untrained in economics.
Discuss the so called fiscal cliff and the expected impact for the State of Mississippi and the Mississippi Delta.
Suppose Bank of Canada (BOC) purchases $100 million worth of government bonds from a chartered bank. Assume BOC imposes 5% legal reserve requirement ratio to the banking system.
Assume an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. Illustrtae what is the growth rate of its real GDP.
Explain demand for cassette players is price elastic also they are cyclical normal goods.
Assume that the following information about the economy is correct. The potential GDP is 3 percent. Real GDP has fallen at a minus two percent rate in the last 12 months.
Elucidate how an increase in your nominal income and a decrease in your real income might occur simultaneously.
Article: Why you should worry about big oil. The oil industry is in the business of extracting and selling oil. It is the goal of the oil companies to do this as efficiently as possible.
Define the following in three senctence minimum definition.
Utilize an elasticity concept to elucidate each of the following observations.
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
Elucidate why the general level of wages in high in the United States and other industrially advanced countries.
Explain how would the edgeworth box change. How would the production possibilities frontier change as a result
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