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Q. One of basic economic laws is ‘law of one price.' It says that provided certain assumptions one would expect that if free trade is allowed, price of goods in countries should converge. a. Can you list illustrate what three of those assumptions likely are? b. Should law of one price hold for labour also? Why or why not? c. Should it hold for capital more or less so than for labour? Why?
Illustrate what impact on quantity demanded and supplied for new cars will be as a result. Used demand and supply diagram and clear explanation.
The price level in the economy in 2007 and 2008 rose from 100 to 105. In 2008 and 2009, the price level increase from 105 to 110.25. How does the short-run Phillips curve forecast the unemployment rate will change as a result?
Assume that at the current price, the price elasticity of demand for a campus film series is 1.40. If the objective of the film society is to maximize its total revenue.
Clarify why you chose this agency as well as what the impacts to you have been. Do you consider the impact to be positive or negative.
Elucidate how much does the total amount of deposits in the banking system increase. By elucidate how much does the money supply increase.
Using the net benefit ratio method of Deaton, please tell us whether a 10% increase in output price will increase or decrease the economic welfare of each of the following three agricultural households, by how much, and why (be sure to show your w..
Illustrate what are the major similarities also differences among the name-your-own-cost model also the electronic tendering system.
A lump-sum tax causes the after-tax consumption schedule to be flatter than the before-tax consumption schedule
Illustrate what does the evolution of Coke's strategy tell you about the convergence of consumer tastes and preferences.
write down ten results from the polls that indicate something interesting about the relative strength of the parties. Write a letter to a presidential candidate explaining what you would recommend based on this data.
Ilustrate what is the marginal propensity to consume (MPC).
Elucidate how an economist could use the slope of the yield curve to analyze the probability that a recession will occur and why the spread may matter.
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