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Discuss the relationship between the level of GDP and economic well-being. What factors of well-being are missing from the GDP? Is there a point where the GDP could increase to such a high level that economic well-being could be compromised? If so, describe some of the opportunity costs associated with maximizing the GDP.
Illustrate what rate of inflation characterized this economy during 1994.
Explain how might a portfolio manager use financial futures to hedge risk in each of the following circumstances.
Major multinational company such as Acme (some of which are listed below) attempt to track the relative movements and magnitudes of global capital investment.
Utilize an elasticity concept to elucidate each of the following observations.
Illustrate what relative amounts of capital and labor will be employed to maximize output.
Explain how much would she need to make in revenues to earn positive accounting profits. If a firm makes positive economic profit it means that the firm earns normal profit.
According to the neo-classical economic theory, the market is a natural, self-regulating system that tends automatically towards the full employment equilibrium of supply and demand.
Government imposes excise taxes on goods which have inelastic demand, such a cigarettes.
Explain how much more money has the Fed printed and where is it now. What affect will an increased M1 money supply have in the long-run.
Assume the population over age. Elucidate what would be the measured unemployment rate.
Several cities regulate the taxi industry by licensing cabs. These licenses are often called medallions because they are issued in the form of a metal shield that must be affixed to hood of the cab,
Compute mean, standard deviation & CV of sales. The demand for MICHTEC's products is related to the state of the economy.
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