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Problem
Gas prices seem to be impossible to predict or explain. Despite a dramatic drop in gas prices in the fall of 2014, there was a sharp rise in the spring of 2015. Write a answer explaining what economic and market forces are at work in determining gas prices.
Use the principles of supply and demand, predict the trajectory of gas prices, and compare it with current patterns.
Regulations created some years ago allow cell phone customers to keep the same phone number even when they switch to a different provider. This change:
What is each country's opportunity cost of producing gloves and hats? If countries could, should they trade? Provide supporting fact to support your position.
For this assignment, you will write a 2-3-page paper (double-spaced, 1-inch margins) providing at least 1 example of how government has overstepped biblical principles in some form of economic policy
Ethical issues that impact the company's decisions.
Show the effect of a "rent ceiling" in house market. Suppose that the house market is initially at the equilibrium, what will be the short and the long run effects of an increase in demand if the initial equilibrium rent level kept as a rent ceili..
what is the costbenefit approach that a typical economist takes to analyze regulations? what are the goals of taxation?
Suppose the consumption expenditure is C = $100 billion + 0.9*Y. Investment (I) is $100 billion, government spending (G) is $50 billion and exports (X) are $100 billion. Imports depend on the level of income as follows: M = 0.1*Y.
Explain how you would identify and use measures of effectiveness (identify appropriate metrics) to assess progress in resolving these issues.
Someone claim that immigration must always be good for economy because the raised supply of labor will result in a higher GDP. Estimate this statement.
How big will that budget have to be before he would spend a $1 buying a first cup of coffee?
the paradise shoes company has estimated its weekly tvc function from data collected over the past several months as
What type of stabilizing fiscal policy is an increase in the health care budget for citizens without coverage? What type of stabilizing fiscal policies arise because tax revenues and outlays fluctuate with the real GDP?
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