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Please review Trade and Growth PowerPoint posted under Modules/Week 2 and answer the following questions:
1. What are the major strategies for economic development?
2. What is the Dutch disease?
3. What are the features of U.S. MNCs?
4. What is the difference between brain drain and brawn drain?
5. What are the types of technological change?
a explain in words how and why the income sensitivity of the demand for real balances affect the slope of the lm curve.
now suppose that tastes in art change, and art collectors decide that mona lisa is not such a great painting after all. draw a new diagram showing the effect of this change in tastes on the market for the mona lisa.
Assume that economy starts at equilibrium and the mpc= 0.75. Determine what would be the effect of a $300 increase in government spending once all the rounds of the multiplier process are complete?
In each of the following cases, either a recessionary orinflationary gap exists. Assume that the aggregate supply curveis horizontal so that the change in real GDP arising from a shiftof the aggregate demand curve equals the size of the shift of th..
Other episodes which tested the leadership ethics of some of our well known companies were: Perier Water- contanminated bottled water; Pepsi- a cigarette butt in a can of soft drink; Fred Mayers Dairy (Cincinnati, OH)- contaminated ice cream.
Economists consider which of the following costs to be irrelevant to a short-run business decision? In economic analysis, any amount of profit earned above zero is considered above normal because,
I am planning giving a patent for a new drug. The public demand is given through: P=120-10Q, where Q is quantity of the drug and P is price. If the marginal cost of production is given by MC = 2Q,
Examine the characteristics that make any transaction possible and justify the importance of each of characteristics.
Suppose that the government increases taxes and government purchases by equal amounts. What happens to the interest rate and investment in response to this balanced-budget change? Does your answer depend on marginal propensity to consume.
what is.....increasing food supplies are necessary to sustain growing populations around the world and their appetites
even though they could have sold the units for substantially higher prices. Explain why do you think that the merchants adopted this policy.
Draw a bowed-out production possibilities curve (PPC or PPF) with an aggregate measure of medical services, Q, on the horizontal axis and an aggregate measure of all other goods (and services), Z, on the vertical axis.
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