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1. Why is degree of world income inequality measured at purchasing power parities lower than that measured at exchange rates?
2. What are the main trends in global poverty, and how do these trends differ from region to region?
The CPI for Zippa Republic was 111.9 in December 2007, 114.6 in December 2008, and 116.2 in December 2009.What do these numbers tell you about the price level in these three years?
Assume first that Apple were to sell only 4GB iPods after all,they cost the same and some consumers prefer more than less. What is the optimal price for a 4GB iPod.
Why is unemployment an economic problem - what are the noneconomic effects of unemployment?
1. Using your understanding of tax incidence explain why some states do not charge sales tax for basic foods. 2. Explain how the elasticity of demand influences tax revenues? 3. Define progressive, regressive and proportional taxes and give an exampl..
How were slaves involved in the New England economy in the 17th and 18th centuries and biotech is just one of several up and coming industries in Massachusetts. Give some reasons that Biotech has clustered here and what are some other industries t..
Suppose all employers in city c decide to adopt a 4-day week, so that workers ether work 10 hours per day for 4 days or work at home for one day a week. Wages remain the same. How does this change affect the bid rent function
Find out the price elasticity of demand regarding to the money price using "arc elasticity."
Illustrate what factors led to the mortgage default crisis. How did mortgage defaults affect banks involved in mortgage lending and mortgage investing.
Wealth in the United States has grown steadily. If wealth were the only factor affecting currency demand, what do you expect would have happened to the currency-deposit ratio over time?
Question 1 What does GDP measure? Question 2 Which of the following applies to measurement of PPP GDP per capita in poor countries?
Elucidate the significance and implications of various economic theories pertaining to profit, consumer choice, demand and supply, forecasting and optimization.
If the price of a product produced in a competitive market increases. who is most likely to occur in the labor market for workers who produce the product.
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