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Consider a country that was debating whether to adopt the gold standard during the heyday of that international monetary arrangement. What difference would the level at which the price of gold was set by the central bank make for the level of economic activity in the country? Explain.
Suppose that people derive utility from two goods---housing (H) and all other consumption goods(C). Show a typical consumer's allocation of his or her income between H and C.
Policies established by the World Bank and the IMF have been the subject of much criticism, especially from the developing world. Why might developing world nations be critical of these policies? Do you think the policy actions are justified? Explain..
To what extent can Rolls-Royce's strategic approach can be best categorized as "Deliberate" or as "Emergent"? Explain your answer and explain Porter's five forces framework and suggest to what extent it has helped Rolls-Royce to better analyze its ..
Which is a tax on profits generated from mining of iron ore and coal.
A monopolist faces a demand given by p = 40 – 4y . Its cost function is c ( ) = 2 + 4 y . a) What is the optimal level of output for a monopolist? b) What is a monopolist price? c) What is the total profit (or loss)?
Suppose a consumer derives satisfaction from consuming tacos: those from Taco Bell and those from Chipoltle. Graph the budget line of the consumer under the assumption that he is offered a “buy three, get one free” deal at Taco Bell (limit one free t..
Explain how does price elasticity affect the price-quantity combination and segment of the demand curve that the monopolist would prefer for price and output.
You have budgeted a maximum of $250 per month for a car loan. (a) If your bank offers financing terms of 60 months at a yearly 12% interest, what is the most you can pay for a car? Do not put a $ or comma in your answer. Make sure you put interest in..
Suppose that this year the money supply is $500 billions, nominal GDP is $10 trillions, and Real GDP is $5trillions. What is the price level in the economy this year? How often is dollar spent on the economy output this year?
Provide an example when it could be appropriate to conduct a time-series or cross sectional data. Discuss the potential problem that may arise with your example and identify strategies for minimizing the impact of the potential problem.
Why is it being used to hold "illegal combatants" instead of a military prison in the United States
In 2013, approximately 58 percent of the adult population (245 million) was employed, the lowest employment rate in 20 years. If the employment rate increased to the prerecession level of 62 percent, How many more people would be working? By how much..
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