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For each of the following concepts provide a definition, a complete explanation as to their significance, and a practical example. How are the paired concepts similar? How are they different?
a) Import dependency ratio vs. recycling ratio.
b) Maximum sustainable yield vs. minimum viable population.
What are the two problems facing the Bank of Canada in trying to control the money supply precisely?
Suppose a frost kills a large portion of an orange crop, with a resulting higher price of oranges. It has been said that such an increase in price benefits no one since it cannot elicit a supply response; the higher price, it is said, simply "line..
Find out the optimal weekly output and price of this firm. Find out the weekly profit from the production and sale of this product.
What is your economic cost of buying a ticket? What is your economic cost of attending the game (once you already bought the ticket)?
Suppose that there is an "inflation scare," that is, suppose market participants increase their expectations of future inflation.
Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.
Write down the relationship between savings, capital formation, and consumption.
According to the quantity theory of money, what is the effect of increase in quantity of money?
Explain what accounts for the Hong Kong Monetary Authority behaving differently than the other central banks in emerging Asia.
Problem - Income Elasticity of Demand, Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5
Assume that there're 10 million workers in Canada and South Korea and each worker in Canada and South Korea can manufacture four cars per year.
Identify trends or other patterns in inflation within the an economy of your choice over the last five years using quarterly data from the Central Bank or other Government based Statistical agency websites as a source.
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