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Hurricane Katrina which hit the Gulf Coast region in August 2005, resulted in massive flooding which destroyed large sections of New Orleans. Suppose prior to this event, New Orleans was producing an output combination given by a point on its production possibilities frontier. How did the hurricane affect its production possibilities frontier?
Suppose a new deposit to the US banking system of $1000. Assume that all commercial banks have a target reserve ratio of 10 percent and there is no cash drain.
Illustrate what will be the impact on American business, in terms of how businesses create value by integrating the production and distribution of goods, serivces, and information. How would this affect your business career.
If markets do not self-adjust, how can a decline in spending lead to a negative process that ruins an economy? How are they related to the Keynesian Cross and/or the Aggregate Demand/Aggregate Supply Diagram
"Too Big to Fail" is title of a book and a movie by HBO. It refers to the bailout of the major financial institutions that began in 2008, and at the time there was concern,
Describe the position of India with respect to the comparative advantage it holds in gems and jewellery, software services, and petroleum.
Compute the optimal bundles of consumption. The total use of each good is independent of the rate of consumption of the other good.
As across many types of technologies that could be useful. However, I am unable to pinpoint one specific technology.
What would happen if the tax was paid once only instead and describe the effect of the introduction
According to law of comparative advantage , who should produce wheat and who must produce Cd palyer? Evaluate all relevant opportunity cost.
Explain how do markets determine the payments to the various factors of production. How do markets determine the distribution of income.
What are the values in 2000 dollars of Nancy's monthly mortgage payments in 2001, 2002, 2003, and 2004 and list and describe four determinants of productivity.
Project the effect of national economic conditions regarding trade and specialization business decisions.
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