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Answer the following questions about the gold standard:
1)Describe what is meant by the Gold Standard.
2) What were the problems with the gold standard?
3) Is the dollar backed by gold today?
4)Find a descriptive article (1 page or more) which deals with a current exchange rate issue. Briefly summarize the article. Include the article with the summary. [current in this case means 2013).
Because their countries have similar institutions, the price paid for a computer in Germany and the United States are about the same when converted into the same currency. 15) The fact that U.S. managers' salaries are substantially greater than tho..
A firm currently uses 50,000 workers to produce 200,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $25. The cost of other variable inputs is $400,000 per day.
What two kinds of changes in the capital stock can improve labor productivity How can each type be illustrated with a per-worker production function What determines the slope of the per-worker production function
Analyse a range of current economic issues and problems and develop and communicate economic arguments in a variety of forms.
identify at least five (5) fixed costs and five (5) variable costs OF the NFL (National Football League). If the business or economy slows down, discuss how the industry can control its costs based on the ten (10) costs you identified.
During field calculation it is known that the calculated number pf trips is actually 128. What is the value of the adjustment factor?
Evaluate this statement: " profit-maximizing firms lack an incentive to provide job safety, and consequently, the federal government must intervene legislatively to protect workers against unsafe working conditions that will surely result."
The market is perfectly competitive which constant input prices and each firm has the same cost structure from the table listed below;
Imagine a situation in which a toxic substance risk can be reduced only by some combination of precautionary measures taken by both the user of the toxic substance and the potential victim. do they both provide efficient precautionary incentives fo..
4.The opportunity cost of producing one more hot dog is $1.00. The price of a hot dog is $1.50. The producer surplus from selling one more hot dog is,The demand curve for hamburgers is the same as the,Markets may not achieve an efficient allocation..
The demand for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Assuming these statements to be correct, What is the most effective way of decreasing the quantity of drugs consumed
Employ the following information on hypothetical short-run production function to answer questions a-d. Compute the marginal and average variable product of each unit of labor input. Hint: plot your Units of labor and Units of Output vertically.
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