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Suppose in Belgium the opportunity cost of producing a trombone is 8 clarinets. In Denmark the opportunity cost of producing a trombone is 6 clarinets.
Which country has a comparative advantage in the production of trombones?
Assuming that there are no direct expenditure offsets to fiscal policy, how much should the government increase taxes?
Illustrate what matters is not the absolute abundance of factors, but their relative abundance. Poor countries have an abundance of labor relative to capital when compared to more developed countries.
q1. a. why does an exporter face a foreign exchange risk? how can the exporter hedge its foreign exchange risk?b. what
q. a county is considering using a piece of park land for one of two alternative recreation projects. project s would
Why might a money lender who relies on threat of cutting off future credit to enforce repayment of current loans be less willing to make a loan to an individual that plans to invest money productively.
Illustrate why is it important for average person to understand the basic mechanisms of supply and damand in the market economy.
Explain how the indifference curve and budget line apparatus are used to derive a consumer's demand curve.
The problem is that even though you have assigned values of a,b,c, SN thinks that f is also a function of t, for which you have not assigned a value.
In national income accounting, an investment is regarded as. Conclude the probability that the annual net cash flows will be negative.
If the demand curve is QD = 100 - 10P and there is a $1 price increase, then the elasticity of demand at P = 2 is
If it is illegal to sell food stamps, what does your analysis indicate about the potential existence of a black market in food stamps? Indicate graphically an acceptable price that your consumer would accept for his food stamps, and that someone w..
q. abc company expects that it will receive a large order from the spain government. but the order occurs abc will be
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