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Explain how to measure the price elasticity of demand and supply and the cross-elasticity income elasticity of demand?
Explain the elasticity of supply for gasoline?
When politicians using polling data emphasize issues to polls have given more importance than necessary they have fallen
Now discuss the fact that deflation is the central bank's worst nightmare. Make sure you refer to a real interest rate of -2.68%. Why is this environment such a nightmare for the central bank and monetary policy?
Assuming the ABC bank has excess reserves of %5,000, it could prudently expand its loans by a maximum
Explain why a perfectly competitive firm may continue to operate in the short-run even with a loss of profits.
Trade liberalization leads to a "race to the bottom" in environmental standards. Make the argument and counter-argument, present the following data;
Explain carefully why it makes better sense to shut down rather than continue to operate or to continue to operate rather than shut down, as the case may be. How do fixed costs play a role in your analysis? What is the difference between shutting ..
The minimum wage is typically set above the market-clearing wage in the market for labor. Using a graph with an upward-sloping supply of labor, a downward-sloping demand for labor, with the quantity of labor measured on the horizontal axis and the wa..
If this is a two-good, two nation model, what would Nation B’s best choice in regards to trade and specialization?
Why is the money multiplier considered to be a potential multiplier rather than an indication of exactly how much multiplication should be expected?
What were the total revenue of Harvey's firm in the first year? The explicit costs of Harvey's firm in first year? The implicit costs of Harvey's firm in the first year?
Find an article (newspaper, magazine or online) about the unemployment rate. Use the article to answer the following questions: What is the current unemployment rate in the US? Is the unemployment rate rising, remaining the same, or decreasing? There..
May be imposed either to raise revenue (revenue tariffs) or to shield domestic producers from foreign competition (protective tariffs).
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