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1. Explain the shape of the production possibility curve.
2. What role can government play in the macro economy?
3. Distinguish between policy targets, policy instruments and policy goals in government management of the macro economy.
n 2001, Statistics Canada estimated the labor force at 16,109.8 thousand, employment at 14,946.2 thousand, and the working-age population (15+ years of age) at 24,444.3 thousand. a)Calculate the labor force participation rate for 2001.
It is found that the amount of income not declared is, on average, different among the countries. Discuss possible explanations for this finding.
When the price of home heating oil increased by 20 percent, the quantity demanded decreased by 2 percent and the quantity of wool sweaters demanded increased by 10 percent. Use this information to work Problems.
A city government wants to raise $3 million by issuing bonds. By ballot proposition, the bond's coupon interest rate was set at 8% per year with semiannual payments. However, market interest rates have risen to a nominal 9% interest rate.
A radiology firm charges $2,000 per exam. An insurer's allowed fee is 80 percent of charges. Its beneficiaries pay 25 percent of the allowed fee. If the radiology firm raised its charge to $3,000.How much would the insurer pay
Is Lionel better off in the new or old situation?
Suppose the following data describe output in two different years. Item Year 1 Year 2 Apples Bicycles Movie Rentals 20,000 @ 25¢ each 700 @ $800 each 6,000@ $1.00 each 30,000 @ 30¢ each 650 @ $900 each 8,000 @ $1.50 each (a) Compute nominal GDP in ..
A New Hampshire resort offers year round activities: in winter, skiing and other cold weather activities and in summer, golf, tennis, and hiking. The resort's operating charges are essentially the same winter and summer.
The short-run total cost curve of a firm in a hypothetical market is given by: STC = 10Q^2 + 4Q + 100 with short-run marginal cost given by: SMC = 20Q + 4 There are 100 firms in the market. Market demand is:Qd = 500 - Pmkt
What is the national income for this economy?
Summarize the arguments for and against the role and impact of private foreign investment in less developed countries. What strategies might developing countries adopt to make private foreign investment fit their development aspirations better wit..
Why does this result in imperfect competition? How can international trade be based on product differentiation?
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