1why study economics in information age what is the, Ask an Expert

Economics

1Why study Economics in Information Age? What is the difference between Macroeconomics and Microeconomics? Give examles to substantiate your answer.2-Why does the demand curve slope down? Why does the supply curve slope up? Give examples.

3-What is GDP? How it is different from GNP? Does information technology help in assessing the GDP more accurately? How help it is for Economist in forecasting for future?

4-How do individuals of one nation trade money with individuals of another nation?

5- List the goods you believe are price inelastic and price elastic and explain why.

6- How do changes in exchange rates affect international trade? How do nations record their transactions with the rest of the world?

7-Define foreign exchange and the foreign exchange market. PROVIDE EXAMPLES. Distinguish between appreciation and depreciation of a currency. PROVIDE EXAMPLES

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91408836

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question a common economic experiment is called the

Question: A common economic experiment is called the "ultimatum game." Subject A receives a small amount of cash, say $10. She can give some whole dollar amount to subject B, a stranger whom she cannot see and who cannot ...

Question in this situation you are the manager of a

Question: In this situation, you are the manager of a struggling company ,any type of company you wish, of 18 employees, how would you encourage a creative work for your employees using examples of what others have done ...

Quesiton imagine that you are considering an mba program

Quesiton: Imagine that you are considering an MBA program once you complete your health care management degree. Describe each step of the consumer decision-making process specifically from this perspective. (Your overall ...

Question consider the following two scenarios in scenario a

Question: Consider the following two scenarios: In Scenario A, you share an office with two women. Every morning, they spend a few minutes discussing intimate details of their sex lives. In Scenario B, you attend the off ...

Question write a thorough analysis of unemployment defining

Question: Write a thorough analysis of unemployment, defining the various types of unemployment, full employment, and the natural rate of unemployment. Describe the impact of unemployment on the economy and your solution ...

Question consider the following data the money supply is 1

Question: Consider the following data: The money supply is $1 trillion, the price level equals 2, and real GDP is $5 trillion in base-year dollars. What is the income velocity of money? The response must be typed, single ...

Question what were the principal factors that caused the

Question: What were the principal factors that caused the ratio of the purchase of producers' durable equipment to GDP to rise so much during the 1990s? Why was this pattern suddenly reversed in 2001? The response must b ...

Question consider the following cost information for a firm

Question: Consider the following cost information for a firm that operates in a perfectly competitive market. Labor is a variable input. Q (quantity of output) Total cost ($) 0 3 2 5 4 9 6 15 8 23 10 33 12 45 (1) Ca ...

Question compare and contrast two methods for collecting

Question: Compare and contrast two methods for collecting job analysis data, and then outline the pros and cons of each method. Provide specific examples to support your rationale. Evaluate the degree to which the compet ...

Question consider an air basin with only two consumer huck

Question: Consider an air basin with only two consumer, Huck and Matilda. Suppose Huck's demand for air quality is given by q_h=1-p where p is Huck's marginal willingness to pay for air quality. Similarly, Matilda's dema ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert