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Microeconomics
Look anywhere around your home or office and you are sure to find products from every corner of the world. Even products that may be labeled as "Made in (fill in the blank)" are generally assembled from components made in many other countries. The grocery store is another excellent place to observe the phenomenon of global trade. Let's discuss this!
in the late 1960s milton friedman and edmund phelps argued that there was not a structural relationship between
Compute and contrast the options that the local governments will need to discuss given the lack of resources that are currently available.
If the price elasticity of demand is 2 in absolute value, then when the price of a good x rises 25% the correct answer is the greater demand of good falls by 50%. Can you explain how they got this?
If there is no currency drain and all funds loaned out by this bank are deposited back in this bank, what are the bank's excess reserves, if any, after the new deposit has been made and how much new loan this bank might be able to create.
Suppose the reserve requirement is 4%. If the Fed buys $1 million in bonds from the First National Bank, what is the total deposit creation in the banking system using the simple deposit multiplier?
Use the following data for a pure monopoly to calculate the firm's-its profit-maximizing output level and produce price;
Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT: maximize total costs maximize output, subject to a breakeven constraint maximize the happiness of the administrators of the NFP enterprise maximize the utility..
Draw a budget constraint (BC1) for your family's monthly grocery decision. Label the axes clearly. What is the opportunity cost of a healthy meal?
What do we call a new firm focused on creating and introducing a particular new product or employing a specific new production or distribution method?
What is your assessment of the state of the Greek economy (or any other specific EU country of your choice)? What steps have been taken to mitigate the damage and fix it? Will they work?
The FCC has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue.
Explain how do they impact the domestic economies of nations. How do they affect individual business decisions.
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