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Propose two (2) applications of the knowledge that you have learned in this course to your current or a future position. Provide a rationale for your response. Create a list of three (3) best practices to follow in the field of managerial economics and globalization. Provide a rationale for your response.
As a move from China's current monetary policy of using Renmenbi as the fixed exchange rate regime, what would be the possible costs and benefits of China's economic development process and its standing in the world economy and its trade after Septem..
“Will the world starve?” This question was asked in the Economist and has been the topic of recent conferences in Washington, D.C. and in other places. According to the conference participants and others, there were at least two answers, ‘Yes’ and ‘N..
Assume that the position of a nation’s aggregate demand curve has not changed, but the long-run equilibrium price level has declined. Other things being equal, which of the following factors might account for this event?
The free rider problem occurs because: consumption is rivalrous, so the consumption of a product by one individual diminishes the amount available for others. individuals are not required to pay for those goods which do not yield any utility to them.
Explain how can changes in macro environment affect industries through the microeconomics factors of demand, production, cost and profitability.
Describe a nonverbal communication technique that you will use to persuade your co-owner that your proposal is a win-win proposition.
In what ways does the Krugman model of trade differ from the Heckscher-Ohlin model of trade? Carefully explain. In what ways does the Linder theory of trade differ from the Heckscher-Ohlin model of trade? Carefully explain.
The cyclical rate of unemployment can be negative, which implies that the business cycle sometimes produces too little unemployment. How can there be “too little” unemployment for the health of the economy? When the one million quit looking for jobs,..
Suppose that 8000 (i.e 8 units of one thousand) construction permits are expected to be issued in 2010. What would be the point estimate of Phoenix lumber Company’s sales for 2010?
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated p..
In the two countries, Techi and Aggi, the costs of all factors of production are constant, the factors are perfect substitutes for each other and thus equally productive (efficient). Currently, before trade, Techi’s residents prefer to produce and co..
The fuel economy of a 2011 Lexus RX 350 2WD 6 cylinder 3.5 L automatic 5−speed using premium fuel is a normally distributed random variable with a mean of μ = 20.5 MPG and a standard deviation of σ = 1.25 MPG. What is the standard error of X, the mea..
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