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Suppose you are asked to address a professional meeting and explain microeconomics, macroeconomics and their differences. Please answer the given questions:
1. Discuss the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.
2. Would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision?
3. Would you give an example of how a macroeconomic phenomenon has impacted a personal or business decision of yours? In the end, what was the result of your decision?
"Most of the firms spend considerable amounts of money on advertisement". Explain advertising elasticity of demand and its practical applications in this context.
Why is capital relative scarce in low-income developing countries and relatively abundant in high income countries? In brief describe the capital market institutions in a developing country that you are familiar with.
Consolidated Drugs, Inc. has spent $4 million developing and testing a new anti-aging drug. Management now estimates that it will cost $2 million to produce and market this new product.
Illustrate what effects can the ownership of a significant part of a private firm by the government have on the firm's decision-making process and on the economic system in general
Illustrate what are some obstacles to successful international economic policy coordination in terms of current global economic and political policies and their impact on business decisions.
Life insurance companies require applicants to submit to a physical examination as proof of insurability prior to issuing standard life insurance policies.
What do you think that they would be able to effectively reflect the true marketplace benefit and price.
Among the advantages of technique of forecasting are ease of calculation, relatively little requirement for analytical skills, and the ability to provide the analyst
Two executives were arrested by authorities for embezzling money for their firm. Short of confusion the only had enough evidence to put them away for 10 Years.
Explain how does Global Intellectual Property Laws affect Telecommunication industry economic growth.
On the industry for Goldmans Sach overview following refined topical areas determine the Future market condition and trends analysis for the following?
Explain why is an increase in the number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
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