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What alternative policy/policies would more effectively address unemployment  policy analysis while advancing social justice?

ECO 1507 BUSINESS MICROECONOMICS ASSIGNMENT SEMESTER 1 2015 Microeconomics

ECO 1507 BUSINESS MICROECONOMICS ASSIGNMENT SEMESTER 1 2015 Microeconomics – Worth 20% of total assessment: Answer all five (5) of the following questions. Each question is worth equal marks and will be marked out of 10. The total mark is 50 and will then be converted to a make it worth 20 percent References are only required for Question 5. Question 1 Explain with the use of diagrams where appropriate how perfect competition leads to allocative productive and dynamic efficiency.

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Select any firm or product.

Select any firm or product. Use two characteristics of a firm (number of sellers, type of product, and barriers or ease of entry) to classify if this firm or product is perfect competition, monopoly, monopolistic competition, or oligopoly.

You are the manager of a small U.S. firm that sells nails in a competitive U.S.

You are the manager of a small U.S. firm that sells nails in a competitive U.S. market (the nails you sell are a standardized commodity; stores view your nails as identical to those available from hundreds of other firms). You are concerned about two events you recently learned about through trade publications: (1) the overall market supply of nails will decrease by 2 percent, due to exit by foreign competitors; and (2) due to a growing U.S.

4 Macro economic questions

please check attachment,

finish question 2,4,5,6

These are short answer questions, you have to write something, do not too short.

 

 

Attachments: 

Economics - Game Theory-

Questions are posted on attached file. 

 

It suppose to be done in few hours.

Attachments: 

Economics - Game Theory-

Questions are posted on attached file. 

 

It suppose to be done in few hours.

Attachments: 

MACRO - The Net Exports Effect

The “net exports effect” is the impact on a country’s total spending caused by an inverse relationship between the price level and the net exports of an economy. Using this principle, discuss how the following economic variables change during an economic expansion:

 

  • The balance of payments
  • The rate of interest
  • The value of the dollar

In your answer, also discuss the case in the context of both a flexible exchange rate and a fixed exchange rate.

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