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1.Should the government minimize unemployment rate? What will happen if the unemployment rate is too low? Share your opinion with the class.
2. In your opinion, what is the most common reason for hyperinflation? How hyperinflation can affect standard of living? Share your ideas/opinion.
Suppose that the car manufacturer allows the car dealer to return all unsold cars at the end of a recessionary year. What is the car dealer's profit in a growth year and in a recession? What is their expected profit?
As in the case of oligopoly markets, rivals may select to compete aggressively, non-aggressively or in non-price dimensions.
Using the tools of analysis developed in this course, demonstrate that removing the subsidy will make consumers worse off but will nevertheless improve society economic welfare.
Illustrate what has happened to the price and quantity of the substitutes and complimentary goods/ services for your selected product over the last year.
Illustrate what does this tell you about the observability and accuracy of real interest rates compared to nominal interest rates.
Explain how can the concepts of game theory be applied to buying through ecommerce or a retail store. Can you show me an illustration.
At the management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns". Is this statement correct? If so, why? If not, explain why no..
The prices of outstanding bonds change whenever the going rate of interest changes. In general, short term interest rages are more volatile than long term interest rates.
Assume that tuition prices suddenly go up 20 percent. What impact will this single price increase have on the CPI.
From the regression output, estimate the demand function when income is $40,000 and price is $2 per gallon. Explain the result in terms of R-square, T-test, F-statistic, and signs of each X variables.
Required help using economic theory and applying to real world situations and current events.
Assume that Kiribati can produce 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can produce 750 tons of breadfruit or 1875 tons of fish.
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