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Distinguish between comparative advantage and competitive advantage (may take some research on your part). Which is used by economists as a justification for international trade? Why?
An individual has an income of $1000 per month with which they buy the composite good with a price of $1 and food with a price of $2/unit of food. Assume instead that the government had given the individual $100 in cash. Draw the new budget constrain..
Which of the following factors are typically omitted from the quantitative analysis of wages but can help explain otherwise unaccounted for disparities?
You own a car dealership in Chicago also are allowing for buying stock also have narrowed your choice to either purchasing stock in the Good Tires Company or American Bus.
Consider two neighbouring island countries called Bertland and Ernamia. They each have 4 million labor hours available per week that they can use to produce wheat, clothing, or a combination of both. The table below shows the amount of wheat or cloth..
What would happen to the demand curve if the major taxi companies lowered their prices? If you were asked to forecast future demand for this firm, how would you set up a forecasting model?
Which of following claims concerning importance of effects that explain slope of U.S. Aggregate demand curve is correct.
Why did Japan's export based economic groth stall in the period 1990-2012? In particular, focus on the differences between the modern
Suppose the market for operating systems were perfectly competitive. What price would be charged? How many would be sold? Would the firms in this industry be profitable?
Suppose that the Federal Reserve purchases $10 million in securities [T-bills] from First National Bank by increasing FNB’s account at the Fed. Would you answers change if rather than a purchase of securities, a customer deposited a check for $10 mil..
Elucidate the implication of the efficiency wage theory for unemployment. In what way are piece rates, commissions, royalties, profit sharing, and stock options substitutes for efficiency wages.
Micro media offer computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micro media is currently planning a two-day seminar ..
Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.
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