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China’s currency, the renminbi, has strengthened in recent months. Explain what a stronger renminbi means for Chinese citizens. What does it mean for U.S. companies that use China as a manufacturing base?
Discuss and illustrate graphically how a decrease in saving rate will affect the steady state level of capital and output. Also illustrate graphically the transition of capital and output from their old steady state level to new one.
Suppose that the price of product A decreases from $27 to $14 and, as a result, the quantity traded of A increases from 175 to 210, the quantity traded of B increases from 65 to 100 and the quantity traded of product C falls from 505 to 400. What is ..
q1. assume which chenyu expects his income to be 50000 per year until she retires. in addition he has accumulated
Which of the following is the most likely explanation for the imposition of a price ceiling on the market for milk? Policymakers have studied the effects of the price ceiling carefully, and recognize that the price ceiling is advantageous for society..
The university is seeking a grant to cover capital costs. How big of a grant would make this project worthwhile (to the university).
Suppose that the authorities had effectively prohibited price-gouging and somehow managed to ensure that their action had no effect on the quantity of ice in the area. What would have been the effect on social welfare?
For the next two questions we will consider Rimor Bank, which has the following (partial) list of accounts on its balance sheet: Calculate the maximum amount of new money that Rimor Bank can create, by itself.
No security leaks had been found In accepting Piraeus resignation President Obama praised Piraeus leadership during the Iraq and Afghanistan wars and said By any measure through his lifetime of service David Petra us has made our country safer and s..
Explain how does marginal analysis affect goods and services, efficiency, equity, and on market economy.
Predict what will happen to the economy in the short run if household debt rises and at the same time the government increases subsidies to firms. Predict what will happen to the economy in the short run if there is an increase in taxes and at the sa..
You learned that Texas has a tax system that is generally “regressive” because it relies heavily on sales taxes rather than income taxes. What are the definitions of regressive, flat, and progressive when it comes to taxes? Why a sales tax is conside..
If he needs 80 percent of his income to maintain his standard of living upon retirement, how much annual income will he need from his employer's plan and from his own planning when he retires?
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