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[A] Identify the economic indicators that reflect those factors.[B] Locate a forecast for each of the economic indicators you have selected for the next two years. In some cases, it may be more feasible to look at prior trends for selected indicators rather than forecasts.[C] Identify and discuss issues that affect cost on gasoline.[D] Discuss the impact of technology on productivity and average total cost.[E] Explain three to five factors in the economy that will impact the demand for gasoline and one for the cost associated with manufacturing the good or service.[F] Comment on degree of confidence that can be placed in economic forecasts.[G] Discuss the implications of this economic forecast and the income elasticity of demand for pricing strategy.
Illustrate what is the minimum national loss if Canada is a small country that can not affect the world price.
From the information in the following table, calculate the income elasticity of demand for this good if income increases from $10,000 to $20,000, and if income increases from $40,000 to $50,000.
Suppose the U.S. is in the midst of a recession and a new president has just inherited an already large public debt.
Elucidate that specialization and trade can move both countries beyond their production possibility frontiers.
Explain how much utility will the marginal dollar yield.
Explain why might the unemployment rate tend to actually underestimate the unemployment problem, especially during a recession.
In the country A, all wage contracts are indexed to inflation. That is, each month wages are adjusted to reflect increases in cost of living as reflected in changes in price level. Explain answer with aggregate supply and aggregate demand curves.
Suppose each cake costs the same to make, what is the average cost to produce a cake. Compute Alyssa's labor productivity ration in dollars per hour for each type of cake.
Explain why do we have such extreme diversity in pay in the US-port stars, actors, others making very high salaries while others make much less.
Illustrate what would happen to the demand for iPhones if consumer income rises by 10%. Be specific. Are iPhones a normal or an inferior good.
The relation among the number of technicians recruited per hour and the number of radiographs produced per hour is shown in the following table.
Explain the reasons behind that why a currency undergoes a significant depreciation and what were important characteristics of Asian countries involved in the crisis?
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