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Suppose that there is technological progress in the wheat industry, so that Home can produce more wheat with the same amount of labor. What happens to the Home PPF and what happens to the relative price of wheat? Describe what would happen if a similar change occurred in the cloth industry.
a. Write an exponential function to model this situation using the formula A = P(1 + r)^t. Is it growth or decay? b. If he hasn't withdrawn any money, how much is in the account when he retires?
Even such things as consumer protection laws and the types of plugs required to plug in appliances have been standardized to ensure that there will be no barriers to trade. How do you think this elimination of trade barriers affected EU output?
A private closed economy includesA.households, businesses, and international trade, but not government. B.households, businesses, and government, but not international trade. C.households only. D.households and businesses, but not government or inter..
Assume the government decides to pass a law that requires all businesses to delay all future layoffs, giving at least 3 months notice to any workers they plan to lay off.
1. The marginal revenue curve for a perfectly competitive firm is ___________. a. the same as its marginal cost curve b. the same as its demand curve c. perfectly inelastic d. downward-sloping
What is the expected rate of return on each stock if the market return is equally likely to be 5% or 20%? c. If the T-bill rate is 8%, and the market return is equally likely to be 5% or 20%, draw the SML for this economy. d. Plot the two securitie..
Illustrate why is it difficult for the Fed to decide whether or not to change its interest rate target in the federal funds market.
Purpose of assignment is to provide you with an opportunity to research and analyse two trading countries of Australia.
Utilizing the data, construct limits for x- and R-charts. Explain the process in control. Illustrate what other steps should the QC department follow at this point.
If the real interest rate is less than the growth rate of output, explain why governments can run a deficit yet not have to worry about the size of their debt.
Is there backing for coins, paper currency, and check-writing deposits?
Some real estate economists have argued that anchor stores in shopping malls create significant externalities for overall sales.
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