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Calculating Rate of Inflation from CPI
If the CPI went from 106 to 111 during the past year, what was the rate of inflation?
Describe and graph (using AD/AS framework) an example in today's news of fine tuning economy. Assume the MPC in an economy is 0.8, the APC is 0.8 and disposable income is $9 billion. If disposable income increases to $14 billion, what is the new le..
Illustrate what are your preconceptions of economics. Do you think economics will be a relatively difficult course.
What is the amount of the difference between the maximum premium and AFP, and what is this called?
Does the transaction of a buyer also seller directly affect a third party. Is the effect a negative or positive externality.
Determine, how the following will affect the slope of the output demand curve, and explain your results:
A rise increase in elasticity of demand will also rise monopoly power.
According to the neo-classical economic theory, the market is a natural, self-regulating system that tends automatically towards the full employment equilibrium of supply and demand.
Illustrate what do you think about the goal of the IMF's aid to distressed countries. What has been the controversy surrounding the IMF austerity programs.
Find out the income elasticity of demand. Elucidate whether gas is a normal or inferior product.
What is opportunity cost of producing a car in Canada? What is the opportunity cost of producing the tonne of wheat in Canada? Describe the relationship between the opportunity costs of two goods.
The public tends to view trade deficits with alarm while macoreconomics claims that trade deficits can actually be usefull for the economy. Discuss the macroeconomists position on trade defilicts
Explain the concept of externality. What does it have to do with the efficient allocation of resources?
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