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Q. Assume that his gold-mining industry is competitive.
Illustrate a long-run equilibrium using diagrams for the gold market and for a representative gold mine.
Suppose that an increase in jewelry demand induces a surge in the demand for gold. Show what happens in the short run to the gold market and to each existing gold mine.
If the demand for gold residue high explain what would happen to the price in excess of time? Exclusively, what would be the new long-run equilibrium price be above, below or equal to the short run equilibrium price? Is it possible for the new long-run equilibrium price to be above the original long-run price of equilibrium? Explicate?
Evaluate the economic growth and development economists. Determine which economist you feel made the most significant contribution to economic theory.
Elucidate how does the real wage rate at point c compare with the real salary rate at point a. How do nominal wage rates compare at those two points.
The Federal Reserve chairman acknowledged the economy was in a recession. What actions might the federal government take to give the economy a boost?
Illustrate what is the expected return of the remaining portion of Peggy's portfolio.
Illustrate what are the factors that affect the supply and demand of the good or service. Who benefits more from a transaction of the good or service, the buyer or the seller. Generally speaking, why do people enter into trade.
Why is it important, for an open economy, that investment not be consistently higher than saving? If this occurs how does it relate to national consumption, balance of trade and saving?
the rival long-distance carriers have complained that the local phone company repair persons have put peanut butter on rival long distance carriers's phone lines to encourage rats to eat through the lines.
In current decades, women have worked more hours in paid jobs also fewer hours in up paid housework.
Find out change in government costs under subsidy policy. Find out change in government income under tariff policy.
Suppose Jason has allocated his entire budget to the purchase of apples and bananas. The marginal utility of the last apple purchased is 10 utils and each apple costs 10 cents.
Discuss the information asymmetry, the adverse selection problem,and why soft selling is a successful signal.
Chemical process that converts hydrogen and oxygen into electricity and waste heat Oxygen from atmosphere, hydrogen from gas, solid hydrogen storage, or from hydrocarbon fuel Produce few emissions. How do we pick best energy alternative.
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