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Interdependent Trade
Most countries are interdependent where trade is concern. We all depend on each other. Should America aim to be self sufficient in the production of goods and services, rather than depending on other countries for trade?
Breifly explain the effect of an increase in money supply.
Discuss the likely sources of the economies of scale that underlie the large size of these firms. [Note: the stocks of private firms are not traded on public stock exchanges
Graph the accompanying demand data, and then use the midpoint formula for Ed to determine price elasticity of demand elasticity of demand.
Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve given in the following table:
Using the following schedule, define the equilibrium price and quantity. Explain the situation at price of $10. What will occur? Discuss the situation at a price of $2. What will occur?
Explain how should we expect this phoenomenon affect the US economy at the macro-level, short run and long run.
How do you think each of the following affected the world price of oil? (Use demand and supply analysis.)
what are the implications for economic growth and development for these nations.
Describe the economic and political economy aspects of the globalization debate. Why has globalization created so much controversy.
Provide a business or political example of the prisoner's dilemma from the field of game theory. What is the payoff for each participant in your example.
Draw a diagram describing autarky and a pattern of comparative advantage for your example.
Illustrate what two kinds of changes in the capital stock can improve labor productivity. What determines the slope of the per-worker production function.
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