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Q1. From a random sample of 500 registered voters in LA, 400 indicated that they would vote in favor of a proposed policy in the upcoming election. How many people should be sampled so that the sampling error is at most 0.04 with a 95% confidence interval?
Q2. Assume that household consumption decision suddenly become less sensitive to change in the rate of interest. How would this affect the slope as well as position of the IS curve?
Q3. What are the strengths as well as weaknesses of the measure of welfare used by many economists: consumer welfare plus producer surplus?
Compare also contrast McDonald's strategies in China with those of Wal-Mart in Mexico.
If inflation turns out to be 1% over the life of the loan, what is the real interest rate? Who gains from unexpectedly low inflation, Loretta or Ted?
Typical economic decisions made by the managers of a firm .determine and explain which basic economic problem: of what, how, and for whom
Explain and illustrate graphically relationship between price consumption curve of a normal good and a consumer's demand curve.
Elucidate its advantages and disadvantages and suggest appropriate policy prescriptions to deal with the potential shortcomings.
Calculate the original market equilibrium price and quantity in absence of the price support policy.
When the prices reduces to $9 the restaurant sells 200 per day. Provide the absolute value of the price elasticity of demand.
The United Nation's Department of Economic and Social Affairs, Population Division, tracks the total number of foreign-born people by nation.
Times more productive than a minimum wage worker. How many times more productive was a $160-per-hour lawyer compared to a worker earning minimum wage?
Explain how central bank manages a nation's monetary system. Outline stated direction of recent monetary policy in United States.
What is the discount rate in the banking system? Explain how the Fed manipulates this rate to achieve macroeconomic objectives.
If firms in a monopolistically competitive market are incurring economic losses, which of the following scenarios would best reflect the change facing incumbent firms (who are able to stay in the market) as the market adjusts to its new equilibriu..
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