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Suppose demand conditions in industries X and Y are identical but that productivity increases by 5% in industry X and 2% in industry Y. If economy-wide productivity and the average wage each rise by 3%, we should expect that:
a. output and employment in X will increase relative to Y
b. output and employment in X and Y will not change relative to one another, since wages will increase by 5% in X and 2% in Y
c. output and employment in Y will increase relative to X
d. no statement can be made concerning output and employment in either industry without more information
Firms hurt by lower priced imports typically argue that restricting trade will save U.S. jobs. What's a wrong with this argument? Are there ever any reasons to support such trade restrictions?
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A best-selling author decides to cash in on her latest novel by selling the rights to the book’s royalties for the next six years to an investor. Royalty payments arrive once per year, starting one year from now. In the first year, the author expects..
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Illustrate what is the equilibrium to this game.
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If today's production of capital goods exceeds the depreciation of capital.
The tools of monetary policy for altering the reserves of commercial banks are the
q.not having had a contract or a hit during the last 12 months itchy fingers valachi the mafias chief executioner needs
Suppose the demand and supply curves for product are given by: Qd = 500 - 2P and Qs = -100 +3P. I need to graph the supply and demand curves, b. find equilibrium price and quantity,
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