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Assume that, from an initial consumer equilibrium position, price of good X falls while the price of good Y remains the same. Using indifference curve analysis, explain how and why the consumer's relative consumption of the two goods will change.
Elucidate economic school of thought does Obama base his economic prescriptions? Detractors accuse him of some leaning towards socialism. However, Obamanomics is simply "Keynesian Economics".
Most customer oppose these laws because they find Sunday afternoon a good time to shop, however retail trade associations support these laws.
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.
At what price will she buy four visits? Eight visits? What is the elasticity of between a price of $5 and $6 per visit? Between a price of $29 and $31?
Illustrate what does the term "Recession" mean and how do we know when one occurs. How does government intervene to move the economy out of a recession.
Discuss the effect of each of the following on the quantity demanded or the demand for new motor homes.
Create a presentation for the Board which examines the current state of the U.S. economy. Use the Library to find out the up-to-date information needed.
The primary period had been 10 years, what would the compound growth rate have been then. What would you expect the sales to be after 16 more years.
A company in a perfectly competitive industry has invented and patented new process for making a plastic product q. The new process lowers the company's average cost curve,
Describe some theories or explanations of why the crime rate fell in the 1990. Murders are now on the rise again.
Explain how does the trade deficit impact the U.S. economy. Explain how do changes in exchange rate affect a federal government organization.
From this information, can you devise a general rule explaining how the Herfindahl-Hirschman index is affected when exactly two firms in the market merge? (Hint: compare a2 + b2 with (a + b) 2)
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