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Q1. Why do economists pay more attention to national economies than state or regional economies?
Q2. Determine what factors might contribute to a low level of productivity in an economy and compare these to rapid productivity growth experienced through the United States during the 1990s.
Show that leisure must be a normal good for the labour supply function to be downward sloping.
A firm has estimated the following demand function for its product: Calculate the advertising elasticity of demand and explain its meaning.
Explain how a change in investment can have big impact on GDp causing nationwide slump. Recall that investment is "small' relative to the whole economy.
Assume that a borrower and a lender agree on the nominal interest rate to be paid on a loan.
Explain how does the economy effect the Airline Industry. What are economic influences that affect the industry in a negative way.
The Fed should simply raise the money supply at same rate that full employment economy increase, and the government should desist from any stabilizing urges.
Which of the following is the best example of a monopolistic competitor? Firms in a monopolistically competitive industry produce:
Explain the various components of fluctuations in economy activity over time. Because economic activity fluctuates, how is longterm growth possible?
Elucidate which you are familiar and identify the marketplace structure of that organization. Evaluate the effectiveness of this structure for the organization.
Using the Lerner index, find the price elasticity of demand for Botox and interpret what this value means to total revenue if the price of Botox were increased one percentage point.
Dr Leona Williams a well know Plastic Surgeon, has reputation for being one of best surgeons for reconstructive nose surgery. Dr Williams enjoys a rather substantial degree of market power in this market. She has estimated demand for her work to b..
Illustrtae the difference among concretionary and expansionary fiscal policy.
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