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The economy can be stimulated with a variety of injections - not just government spending. What economic policy would you advocate to (1) encourage investment spending, and (2) encourage exports. How effective do you believe these policies would be?
Suppose the externality/public good aspects of weather forecasts and argue for or against such a "privatization" of weather forecasting.
Experiment with the number of steps for binomial tree model until your numerical result stabilizes to within one cent of the result given through the Black-Scholes formula.
Obtain annual data for a series of economic indicators from the ABS National accounts database. The economic indicators you are required to research are annual growth rate for GDP
Once it is describe to be elastic or inelastic, explain how do you come to that conclusion.
The market is perfectly competitive with constant input prices, and each company has the same cost structure, described through the following table:
The table below is a production possibility table for the fictional country of Myopia. Use it to construct the corresponding production possibility curve.
In a two play, one shot simultaneous move game every player can select strategy A, each earns a payoff of $500. If both players choose strategy A,
Elucidate the differences between private goods, public goods, natural monopolies, and open-access goods. Provide examples of each with your explanations.
What are financial intermediaries? How do these intermediaries function in the economy? What is a federal government budget deficit? What is the national debt? How does a budget deficit affect the economy?
Calculate the cross-price elasticity for the following goods. Are they complements or substitutes?
Defines and explains a closed system and provides an example. Defines and explains an open system and provides an example. Explains the inner and outer flows of a closed system. Explains the inner and outer flows of an open system.
Make a brief history of the FEDERAL RESERVE system and explain the organizational structure of this agency as well as the role the Fed has in drafting and implementing United State Monetary policy.
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