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Assignment
What is the effect of a trade surplus? What is the effect of a trade deficit? How do trade deficits and surpluses affect the industry in which you work?
From a bankers perspective, do you feel the trade deficit the US is running is having a negative effect on the economy?
Is the US a net exporter of rice? What would be the impact on the US economy?
What is the difference between a movement along and a shift of the demand curve? What is the effect on the equilibrium price and quantity that results from an increase in demand, supply, and both? Provide examples for each instance. What is the role of supply and demand in decision making? Provide a real-world example.
Would a change in consumer incomes shift the demand curve and thus the price for goods and services?
If the Federal Reserve conducts tight monetary policy to contract the money supply, it is most likely to change investment spending, output, and price level in the following ways:
Suppose the market supply function is Qs = -500 + 50P where P > 10- Determine the price elasticity of supply η at prices $15, $20, and $25.
In the United States, what is the opportunity cost of producing an additional shirt (measured in terms of foregone computers)? In China, what is the opportunity cost of producing an additional shirt (measured again in terms of foregone computers
Neha and Lorenzo are married, under the age of 65, and have five children under the age of 18. Lorenzo works full time and earns $20,000, while Neha works part time and earns $9,000. Thus, in total, their family income is $29,000. Are Lorenzo and ..
We take the number of days truant during each of three time periods: (1) the month before they are placed in the home, (2) the month they live in the home, and (3) the month after they leave the home. Apply Friedman's test. What do you conclude?
Describe the set of bundles that Mr. Creosote can afford. Draw a few indifference curves and the budget line. How many muffins of each type will he buy?
Discuss the main characteristics of money, bonds, credit and equities/stocks in actual ?nancial markets. What is gained and what is lost by having a macroeconomic model with only two ?nancial assets, money and bonds, with the latter including credi..
Most managers and executives believe their firm has an opportunity to take advantage of economies of scale; however, many firms do not. Slect one of the questions below and respond - How could you determine if your firm has economies of scale?
Market research has revealed the follwing inforation about the market for chocalate bars. The demand schedule can be represented by the equation Qd=1,600-300P Where Qd is the quantity demand and P is the price.
Suppose Air France is currently charging $600 per ticket, airfare from JFK to LHR is $500 round-trip (its initial value), and the average hotel room rate in Paris is $150 per night (its initial value).
On the demand side, what recent legislative and demographic developments likely have increased the demand for medical care by physicians?
Why is it that we can assume that the price elasticity of demand for Noah's Bagels is inelastic? If the price pf a plain bagel at Noah's rises from 99 cents to $1.12, what can Noah expect to happen to the percentage of bagels purchased?
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