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Problem: Why do economists try to keep track of the CPI and the importance of CPI? Be detailed in your response and provide examples also.
Basic Economics, Economics
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Question: Name the type of market structure that has one seller and practices price discrimination. Provide justifications and citations for your responses.
Question: Developing countries can increase productivity growth more easily than industrial countries. Does this imply that they will eventually be able to achieve the same living standards as industrial countries? Why o ...
Problem: Create a 5- to 6-slide Microsoft® PowerPoint® presentation that will be presented to the organization's Executive Committee. The presentation should cover the following items: Identify the three key facts about ...
Problem: Consider a union in an on-going relationship with a firm. There are two periods. The union has a default contract, negotiated previously that gives it a surplus of 10, while the firm gets zero from the default c ...
Problem: The Taxpayer Relief Act of 1997 created the Roth IRA, which permits qualifying individuals to make after-tax retirement contributions of up to $2,000 annually. Contributions to a Roth IRA are not tax-deductible, ...
Problem: In a competitive market, the market demand is Q d = 400 - 5P and the market supply is Q s = 10P - 80. Explain what will happen in this market to the amounts of Q d and Q s if a price ceiling of $25 is impose ...
Problem: Suppose a price floor of $30 is imposed by government in a competitive market where demand and supply are given by Q d = 100 - 2P and Q s = 5 + 3P. Calculate the resulting Q d , Q s and the market surplus. Wh ...
Question: Suppose that the market for alcohol in a large metropolitan area, the local government is concerned about the number of DUI's and has decided to impose a sin tax on alcohol sales. If demand in this market is in ...
Problem: In July 1997, the EPA announced new air quality standards for small particulate matter (2.5 micrometers in diameter) referred to as PM2.5. Previously particulate matter less than 10 microns in diameter were reg ...
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