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Economic Activity: Read 2 newpaper articles. Economics is all around us. Find a newspaper for example, the Wall Street Journal, Financial Times or New York Times and turn to the business section.
1. Find an article on the macro economy (inflation, employment, economic growth). Write a 250 word summary of the main points of the article.
2. Next, find an article on the micro economy (consumers, family finance, business, firms, corporations, industries). Write a 250 word summary of the main points of the article.
3. After you have summarized both, choose one of the articles and answer the following questions. What do you think the article suggests about the state of our economy? Do you agree or disagree? State your reasons why. (150 words)
Explain why RELATIVE prices of two goods, both produced in each of two countries, will differ prior to any trade taking place ("autarky"). why profit-seeking will cause each country to specialize - wholly or partially - in producing one of the goo..
Please define and update the so-called TED spread (which we discussed in class) upto recent years. Discuss the main implications of the sudden changes of the TED spread on international lending and borrowing
Relate the content of both to Utility Theory as presented in the text. Engage the content: agree. disagree. Is there anything in the articles that can help you increase your utility
You are the manager of 3D Designs-a large company that does graphics work for Disney and other companies. You and your only competitor are contemplating the purchase of a new 3-D imaging device.
On the other hand, you might also analyze in detail the effects of higher unemployment among a business cycle downturn.
Your hospital is considering opening a satellite urgent care center about five miles from your main campus. You have been charged with gathering demographic information that might affect the demand for the center's services. What data are likely t..
Suppose production of this good imposes external costs of $10 for each unit produced. Does this cause an over or an underallocation of resources to production of this good
Why are these statements technically incorrect What would a supply and demand graph look like if it portrayed demand exceeding supply What does a commentator really mean when he or she says the demand for natural gas exceeds the supply
Analyze the modern notion of microfoundations with Marx's 'real foundation' for the analysis of economic activity.
What feature in this example leads to the result that you don't need to know the amount of taxes collected by the government to find the equilibrium?
The entrant and incumbent both only care about their own monetary payoff, what is/are the game's Nash equilibrium.
What is the combined (total) demand schedule for Belgian cocoa beans that European and USA consumers buy?
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