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In a two-sector (manufacturing and agriculture) specific-factors model:
a. land is specific to the manufacturing sector.
b. labor is specific to the manufacturing sector.
c. capital is specific to the manufacturing sector.
d. labor and capital are specific to the manufacturing sector.
when the state cuts its rate by 4 cents an hour. Explain how the fall in the average weekly wage and the minimum wage will influence aggregate supply.
The consulting firm McKinsey and Company expects this combination of medical care and tourism in India to approach $2 billion a year by 2012.
A farmer uses a piece of land with the following accounting costs to grow a crop worth $1800. If a normal rate of return is $100 on such an investment, what will the value of the land be for use during this time period?
If the reserve requirement is changed to 5 percent, Explain how much can First Bank lend and by Explain how much can the money supply be expanded.
The market demand curve for the industry is D(P) = 240 ? P/2. At the equilibrium market price, each firm produces 20 units. What is the equilibrium market price, and how many firms are in this industry?
If the number of trucks (K) decreases by 10% next year, how much will output (Q) decrease? What type of returns to scale is consistent with the above production function?
Which of following claims concerning importance of effects that explain slope of U.S. Aggregate demand curve is correct.
q.there are two countries- home and foreign. suppose that the production of vacuum cleaners exhibits external economies
q. 1. what is the base year used to calculate the official consumer price index?2. what was the consumer price index in
Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both McDonald's also Wal-Mart.
Business firm that holds a global monopoly on a particular product but is currently selling the product only in its domestic market where its profits are substantial.
How does the relative tax advantage change if the company decides to pay out all equity income as cash dividends that are taxed at 15%?
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