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Explain the difference between income effect and price effect in intergovernmental aid systems by also explaining the difference between foundation aid systems and power-equalizing aid systems
what is the probability that sample variance would be less than 100? what is the probability that sample variance would be more than 500.
Describe the international monetary system known as the Bretton Woods system, or the gold exchange standard that existed from the mid 1940s to the early 1970s.
Describe the Stolper-samuelson theory of trade. How does it differ from the factor endowment model? What are its predicted effects on wage-inequality in (a) industrialized countries that are capital abundant and (b) developing countries that are labo..
Discuss the differences between unemployment and underemployment and give examples of each. Which do you think is a more serious “problem” for the economy? How might underemployment be addressed through government policy?
John is planning on repaying a debt of $25,000 with a quarterly payment $1,200 for the next 23 quarters and a final payment of “X” dollars at the end of 24-th quarter. If the interest rate is 12% per year, compounded quarterly, what will be John’s ..
When a perfectly competitive firm (that sells its good for $18 per unit) hires 1 unit of factor X it produces 35 units of output and when it hires 2 units of factor X it produces 55 units of output. Marginal revenue product of the second unit of fact..
Discuss the information asymmetry, the adverse selection problem,and why soft selling is a successful signal.
Consider a market for online movie rentals. The market supply curve slopes upward, the market demand curve slopes downward, and the equilibrium rental price equals $3.50. Consider each of the following events, and discuss the effects they will have o..
Why do pork also lamb have comapritively high price elasticities of demand compared with the other foodstuffs in the table.
Provide Energy from Fusion and fusion reaction- Why it is a challenge? Why benefits will be gained by solving the challenge? What has been done so far to solve the challenge? How IEs may contribute to solving the challenge?
Define absolute and comparative advantage in your own words. Elucidate how absolute and comparative advantages were used in your simulation.
Suppose a monopolist producing self-cleaning jackets can sell 20 jackets at $100, and 21 jackets at $98. The monopolist is unable to price discriminate, so in order to sell a total of 21 jackets, the price per jacket must be $98.
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