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Q. wage rate is $40 per day and the exchange rate of £1 = $1, what is the upper limit to the wage rate in the United Kingdom that is consistent with two-way trade between the countries?
Q. A father goes to a pharmacy late at night for cold medicine for a sick child. There are many liquid cold medicines, all of which have almost exactly the same ingredients. Yet medicines with brand names that the man recognizes from television commercials are for more than the unadvertised versions. Explain in economic terms, this perplexing situation to the father.
The university bookstores received 4 million euros from students in exchange for the books. Illustrate what is the total contribution to GDP from the above events.
Illustrate what is the quantity of economic investment that has resulted from BBQ's actions
If the two firms could collude and agree on Explain how to split the total profits, Illustrate what outcome would they pick.
what happens to the amount of debt held by the public. What would happens to the level of gross debt.
Evaluate the influences of intellectual predictors of the following economic theorists: Adam Smith, David Ricardo, also Karl Marx.
During hard times what should be done to encourage people to spend more so as to rise aggregate demand and invariably, create employment possibilities.
If the prices of pizza and submarine sandwiches double and so does Michael's money income, we can compute that Michael's budget constraint will.
Suppose that a monopolist's product could be either high quality (H) or low quality (L).
Illustrate what is the expected annual demand also the total revenue corresponding to your recommended price
Electoral College system take a country named know land that has. Suppose there are 9 small states in know land where each have 1 million people in.
Japan's rapid growth pushed its real GDP per capita above that of the United States. Growth rates in follower nations such as South Korea and Hong Kong averaged about 10 percent per year.
Illustrate what are the levels of income every worker and consumption per worker.
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