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Discussion on Economic Variables and Data Sets
As an employee of the world bank you have been asked to research the needs of a country with a particular economic concern. For this assignment select a country and an economic concern such as population, unemployment etc. Search the library and internet for data sets for the concern that you have chosen. Select a second country and find data sets for the same concern that you identified in part 1. Answer the following questions:- Where were you able to find data sets?- What is the relationship between the variable that you selected and the economy.- What trends do you see in the data sets?
Support your assertions of trends with statistical evidence.
Human service interactions in terms of macro systems-communities and organizations. Empowerment is basically a process to assist people groups, families and communities, individuals, to use their strengths to overcome their challenges.
Explain how the distinction between expected and unexpected inflation is important to the distributional effects of inflation.
Does not economic growth and the innovation that generates it, produce more and more substitutes or new discoveries of reserves
Elucidate the roles of government bodies which determine national fiscal policies.
Suppose elasticity is -2,price is $10, and marginal cost is $8, should you raise or lower price?
What is business cycle? Describe the four phases of the business cycle. Where on the business cycle do you think the U.S. economy is today?
Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook. Demand and supply conditions in the perfectly competitive domestic for lawn mowing services are:
Illustrate the impact do natural resources have on economic growth. Will it be possible for a country with few natural resources to grow rapidly.
Explain how did Lucas contribute to the development of the Keynesian economics. What was his concern with economic growth and development.
What price should DD set to maximize profits? What would output be if DD acted like a perfect competitor and set P = MC?
Illustrate what price-quantity combination maximizes your firm's profits. What price-quantity combination maximizes revenue.
All economics textbooks give examples that show diminishing marginal utility as consumption rises-However, it could be argued that a rational buyer should never experience negative marginal utility. Why?
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