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The seven-year appointment for the governor of Bank of Canada a. Makes the governor the highest paid official in Ottawa. b. Is reserved for friends of the minister of finance. c. Is reserved for a novice. d. Has the role of insulating the governor from political pressure
Consider an exchange economy with two goods, 1 and 2, and two consumers, A and B. The consumers are initially endowed with a total of unit of each good, i.e. w1 = w1A + w1B = 1 and w2 = w1B + w2B = 1.
The depreciation rate is d = 0.05 and the labor force growth rate is n = 0.01. The saving function, in aggregate form, is St = 0.3Yt . Find the steady-state capital-labor ratio, the steady-state value of output per worker, and the steady-state val..
Globalization has changed world economy in many ways. One result of globalization is off shoring which has had its share of economic impacts on domestic employment as well as world employment.
A marketplace has only two sellers. Both are trying to decide on a pricing strategy.
Illustrate what is the nature of this trouble. How did this trouble come about? In what ways will this trouble impact the US economy.
What is the marginal propensity to consume. What is the slope of the consumption function (you should give a numerical answer, not a formula)?
Carlton Corporation, a manufacturer of electronic equipment, determine the following relation between its marginal cost of production output:
In a two play, one shot simultaneous move game every player can select strategy A, each earns a payoff of $500. If both players choose strategy A,
What is the difference in the national income accounts if a firm purchases a car for an executive or the firm pays the executive an additional income to purchase a car?
What is the value of the average propensity to consume at $200 real GDP What is the value of the average propensity to consume at $400 real GDP What is the value of the average propensity to save at $200 real GDP What is the value of the average prop..
Under what conditions does a nominal tariff applied to an import product overstate or understate the actual, or effective, protection afforded by the nominal tariff? Less-developed nations sometimes argue that the industrialized nations' tariff st..
Explain why competitive markets normally lead profit maximizing firms to make choices about resource use that lead to an "efficient" allocation of resources to the market?
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