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Question: Which of the following could be considered a monopoly?
a. Kate Hudson (an actress)
b. DeBeers diamond company
c. the only doctor in a small town
d. Ford Motor Company
Describe briefly the reasons why the following transactions would or would not be included in GNP and compare and contrast stabilization policy recommendations of monetarists and activists.
MACRO1(ECON1016)- Consider the banking system. ‘Reserves are deposits that banks have received but have not loaned out'. Banks must hold reserves. Why? How are excess reserves calculated? What is the significance of excess reserves?
Show the basis for our construction of the output DEMAND function. As an intermediate step explain the construction of the consumption function (as a function of output) and how this becomes a key component of the output supply function.
Using exchange rate data from Reserve Bank of Australia and graphs (monthly data of last three years) analyse the movement of AUD relative to that of the US dollar? Is it in line with the world commodity price movement during this period? Are ther..
economic growththe government uses policies like student loans and free trade to influence the economys growth rate. in
Illustrate what are the major differences among an open and closed economy
Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S. goods in Japan? Illustrate by showing the price of a U.S. e-reader in Japan, before..
The Rusty Anchor Bar has two-types of patrons: legal and underage drinkers. Even though it is illegal to allow entry to underage drinkers, there is no perfect way to identify underage drinkers since they often use fake identification card.
Democracies can be structured in a variety of ways. Let's take a moment to examine the difference between direct, representative, and social democracies. Who would like to explain their differences and provide an example of a country that utilize..
While you are working on the project, maintain a Word-readable document (.docx, .doc, .rtf, or .txt) that lists the tasks you experience problems with. Are there any tasks that cannot translate directly from one language to another? How did you ha..
Your friend invests and patents a portable ice cream carrier (PCC) which you plan to manufacture as well. You determine the demand function for the product is
Assume that gross national debt is equal to $3million and the federal government then runs a deficit of $300 billion. what is the new level of gross national debt.
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