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Leading up to the crisis of 1997, Thailand had a current account deficit and an economy that was close to full employment, but possibly somewhat above full employment (i.e. there were signs of inflation starting). Where would you put Thailand on the IIXX model. What policies would you say were necessary to restore balance ?
Say every country uses gold as money and there are no barriers to capital or trade flows (and prices are flexible). If a country suddenly discovers more gold, will this permanently increase their money supply?
What challenges would face the Greek government if they wanted to undertake fiscal policy to address the problems described in b?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
In their song "Homeward Bound", Simon and Garfunkel talk about a singer on the road who has grown tired of the road. In part they say: Everyday's an endless stream Of cigarettes and magazines And each town looks the same to me The movies and the fac..
EMC has preferred stock outstanding which pays a dividend of $5.00 at the end of each year. This stock was issued in perpetuity and has no maturity date.
Use a graphical illustration to describe briefly what the influence on the market supply of labour
What do economists mean when they refer to "economies of scale" Why do economies of scale exist in the context of hospital services Does this mean a hospital market comprised of a few large hospitals is preferable to a hospital market comprised of..
Currently, the economy is in equilibrium at Q = 3200 (where Q = potential GDP) and P = 100. You can use monetary and fiscal policies to affect aggregate demand but you cannot affect aggregate supply in the short run.
Assume that the technology of producing widgets is that every company entering the market has the same total cost curve, as follows; TC=1000+5Q+0.1Q^2
Purpose of this course is to improve your economic decision making and increase your productivity as an employee or entrepreneur.
Demonstrate that under this analysis commodity movement and factor movement are substitutes for each other.
Employ the following equation to demonstrate why firm producing at the output level where MR=MC will also be capable to maximize its total profit.
What is the total product function for Dimex? The average product function? The marginal product function?
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