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Q1. Elucidate how higher saving leads to a higher standard of living. Illustrate what might deter a policymaker from trying to raise the rate of savings?
Q2. If Jason produces 250 kilograms of food per month, Explain how more liquor must he produce to achieve production efficiency?
Q3. As the owner of a lunch diner, you know that you sell on average 180 lunches daily, for an average price of $8.95. You are considering raising prices so that the average lunch will run $10.95. You know from previous industry analyses that when the average price is $10.95, restaurants sell on average 144 lunches. Assuming that you respond like the industry, should you raise your price? Why or Why not?
A major Statistics Canada household survey, the Survey of Labour and Income Dynamics or SLID, the latest of which is referred to as SLID 2009.
Assume that PY increases by 15%, what percentage effect on quantity demanded of product X could be expected.
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
Assuming that your opportunity cost funds interest rate is 5% which refrigerator would you buy and why.
What is the effective rate of protection for the automobile industry in country A, if there is a tariff of 25 percent on imported automobiles and a tariff of 50 percent on imported inputs used in this industry.
Over the long run historically, real wages produce about same pace as labor productivity.
Then make an argument for why the government may still prefer using the other approach.
Leadbelly Co. sells pencils in a perfectly competitive product market and hires workers in a perfectly competitive labor market.
If the economy is competitive so that factors of production are paid the value of their subsidiary products, what is the share of total income that will go to land.
Compare and contrast the way Classical and Keynesian theory determine the Demand for Money and how it is related to the Money Supply
What will happen to price of old car taken as an inferior goods whose substitute is new car if income of the people rises.
Democratic Republic of the Congo grows at a healthy 3% per capita, how long will it take Democratic Republic of the Congo to catch up with Luxembourg.
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