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Do you believe that consumers gain less satisfaction as they consume more of a product in a given period? How do you think tax increases on products affect prices when the products are elastic/inelastic? Do sales or luxury taxes hurt some industries and not others?
In understanding the process of rapid transformation of economic systems in many nations in the world from the beginning of 1990s, briefly explain why freedom to choose the right theoretical foundations still do matter to develop an appropriate econo..
Compared to perfectly competitive firms, oligopolies are:
Describe how changes in the macro environment affect individual firms and industries through the micro economic factors of demand, production, cost and profitability.
Using the fundamental equations from the general monetary approach, describe how each of the following will affect the home and foreign price level, real money balances, and the exchange rate, EH/F . Also, state whether the home currency appreciates ..
The component of Planned AE (the quantity demanded of GDP) MOST sensitive to a change in interest rates is....
A number of states have passed laws that require all Medical Doctors who work at Planned Parenthood Clinics to have admitting privileges at a nearby hospital. This MD's may or may not perform surgical procedures. In addition, some of these clinics ar..
q.1. you must decide whether or not to introduce a new product. if you launch the fresh product your competitor will
Suppose you win a lottery, and your after-tax gain is $20,000 per year until you retire. As a result, you decide to work part time at 35 hours per week in your old job instead of the usual 40 hours per week. Calculate the annual income effect on hour..
Suppose the economy is experiencing a recession and high unemployment. What would be the interpretation of how an expansionary monetary policy would address this problem?
Sally has set aside about $7500 for a down payment, and she has budgeted for a monthly payment of $900. She expects that her salary will increase about 5% per year in real terms,but she would like to use that increase for “fun” purposes. Sally is als..
Calculate velocity of money when price level is 10, national quantity of output is $200 billion and money supply is $250 billion.
With respect to three goods- ice cream, green tea, and digital cameras, what does it mean when your preference for, and satisfaction. What is the difference between a “shift in demand” (an increase or decrease in demand) and a “change in the quantity..
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