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Suppose that society decided to reduce consumption and increase investment.
A) how would this change affect economic growth?
B) what groups in society would benefit from this change ? What groups might be hurt?
Suppose that the price of gasoline rises, and at the same time, the price of steel(an input to automiblile production) falls. Show this on your graph. If you have no other information, what can you say about the change in equilbrum price and quani..
Calculate Gross National Expenditure (GNE) for 2014 and calculate Gross National Product (GNP) for 2014;
In a multiple regression model using 310 students to explain college grade point average, the following explanatory variables are initially included in the regression: high school GPA, ACT score, number of credits completed, mother's years of educ..
Explain why did Ricardo think that international trade was based on comparative advantage while internal (domestic) trade was based on absolute advantage.
Choose a nation and an economic concern, such as population, unemployment, etc. Look for the Library and Internet for data sets for the concern that you have chosen.
If an absolute majority approve the plan, then they proceed according to the plan. If he fails to pass his proposal by an absolute majority, then P1 must walk the plank, and it becomes P2's turn to propose a distribution of the coins among the rem..
Explain when we look at the macro economy the similar terms are known as Aggregate Demand
A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm's total costs are C(Q) = 50 + 10Q + 2Q2. a. How much output should the firm produce in the short run? b. What price should the fir..
In what direction would the shift in labor supply and demand go. Illustrate what would be its effect on the equilibrium of the labor market.
Describe the differences in writing covered and naked calls. Are risks involved in the two strategies similar or different.
What would the government surplus/deficit be, what would the trade balance be and what changes would occur if G were increased to $941?
Whenever a beer company rise its advertising budget 18 percent, the demand for its beer increased 28 percent. What is the advertising elasticity for the company's product.
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