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Explain why a weighted average is more suitable than an unweighted average when trying to measure price increases. B. (i) A well known annual book was priced at £17 when published in December 2005. The most recent edition published in December 2010, was priced £22. The Retail Prices Index stood at 194 in December 2005 and 228 in December 2010 (ii) The publishers of the book have stated that "any future price increases will be index linked to the RPI". Explain what this statement means, using a numerical example if required.
Economic theory and history explains that less developed countries that open their economies to international trade and capital flows will grow faster and reduce poverty.
Utilize the marginal productivity theory of labor demand to predict the impact on the firm's employment level of the following events.
suppose that early in a year, hurricane hots a town in Florida and destroys a substantial number of homes. A portion of this stock of housing, which had a market value of $100 million (not including the market value of the land), was uninsured
the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs. What would you do--shut down or continue to operate? Use hypothetical numbers to explain. Information you..
assume that you have been asked estimate the benefits associated with starting an ecotourism project where visitors will be given guided tours of a particularly rich habitat area. 1- what are the main benefits and cost that should be enumerated
Elucidate Classical economists believed in the self-correcting nature of the economic system. They believed that the major adjustment.
Please detail the possibilities of using fiscal policy to stimulate economic activity in Denmark in a situation of economic stagnation among the most important trading partners.
Explain how would each of the following theories of comparative advantage explain the fact that the United States exports computers.
Illustrate the impact of food stamps worth $100 compared to a $100 cash transfer on Joe's budget set b. Starting this month, Joe would receive food stamps worth $100 per month. How much more food would he buy this month if food on average costs $2..
Keynesian Economics: Suppose the following about the economy of the United States: Government spending = 660, planned investment (Ip) = 215, autonomous consumption is 200, net exports is 100 and taxes are 100. In addition, for each additional $1 o..
You are a budget analyst in a California State legislative budget committee and have been asked to prepare a policy brief on the budget issue for the state.
Explain the influence that transferable property rights versus non-transferable property rights, has on individual decision making.
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