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1. Why does "government failure" happen?
2. How can the government's power to coerce (influence economic behavior) be economically beneficial?
3. How does the "invisible hand" operate and why do market economies usually do a better job than command economies at efficiently transforming economic resources into desirable output?
4. What is the usefulness of the total revenue test for price elasticity of demand?
5. What are the factors that affect price elasticity of demand and price elasticity of supply? What are some applications of each?
6 .What are the functions and responsibilities of the Federal Reserve?
7. Why is Federal Reserve independence important?
8. What are the components of U.S. money supply?
q1. suppose the parliament passes legislation making it more difficult for firms to fire workers e.g. law requiring
You should utilise existing literature (scholarly journals) on market efficiency and behavioural finance as well as real world examples to support.
In this discussion, you will compare and contrast monetary and fiscal policies. Consider two recent national crisis points: 9/11 and the banking failures of 2008. Was fiscal or monetary policy more immediately responsive to each crisis? Why? Was fisc..
What is the total revenue function? At what price is revenue maximized, and what is revenue at that point. Identify the elastic and inelastic regions of the demand curve
A particular Fast Moving Consumer Goods industry in the US has 2 dominant firms, each with 35% market share. Four of the other firms are equal-sized, with 5% market share each. What is true about the HHI index (HHI) of this industry in the US?
Suppose the Fed reduces the money supply by 5 percent. (a) What happens to the aggregate demand curve? (b) What happens to the level of output and the price level in the short run and in the long run?
a. Derive the absolute price of a gram of protein. b. Derive the absolute price of a gram of carbs.
Measuring the intensity of the business cycle requires. According to monetary theories of the business cycle, fluctuations are. As the economy approaches the peak phase of the cycle, profits will tend to
Discuss why it is important to evaluate processes within an organization using flowcharting and performance metrics.
If the government sets a maximum price for gasoline above the equilibrium price,
suppose that a new law requires every firm to provide its workers with free parking spaces. these spaces are worth 200
During a recession, most firms experience a reduction in the demand for their products and service. In other words, their demand curve shifts to the left. In order to stay viable they often lay off their employees. How does it affect labor productivi..
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