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What are the main variables used to empirically measure the market performance, according to the Industrial Organizations (Industrial Economics)?
Present the data collected above for GDP per capita in a single chart with a line for each country’s data. Compare and comment on the differences between each country and over time. Discuss possible economic reasons for those differences
What is the CGAP effect? According to the CGAP effect, what is the relation between changes in interest rates and changes in net interest income when CGAP is positive? When CGAP is negative?
Assume at present, firms in perfectly competitive market are receivings negative economic profits (losses). Describe the process by which this industry will reach long-run equilibrium.
If you can borrow (and lend) money at an interest rate of 8 percent, will the investment be a profitable undertaking? Is the project profitable at an interest rate of 12 per cent? Provide numerical calculations in support of your answers.
Suppose the economy is slumping into recession and needs a fiscal policy boost. Voters, however, are opposed to larger federal deficits. What would policy-makers do?
Consider a small country that exports steel. Suppose that a "pro-trade" government decides to subsidize the export of steel by paying a certain amount for each ton sold abroad. How does this export subsidy affect the domestic price of steel
Based on the analysis of the data, share your thoughts on what caused the financial crisis and whether the United States is going in the right or wrong direction with its current policies.
Consider a market for meals in a school cafeteria. Suppose that in this market only one seller (the school foodservice unit) can sell meals to an unlimited number of students. What is the price elasticity of demand at p=4 at that price
Determine the critical value of the test statistic needed for a 95% confidence interval for the mean speed of all cars, if it is known that speed is normally distributed. Give the positive answer of the test statistic (z or t) exactly as found fro..
The demand for salt is relatively price inelastic where the demand for pretzels is relatively price elastic. How can you best explain why
What will happen to the inflation rate if the rate of growth of the money supply increases to 7%, and, at the same time, the growth rate of velocity increases to 2%?
Suppose that at a price of $400, 300 tickets are demanded to fly from Ithaca to Los Angeles. Now the price rises to $600, and 280 tickets are demanded. Assuming the demand for tickets is linear, find the price elasticities at the quantity-price pair ..
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