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A) Explain why RELATIVE prices of two goods, both produced in each of two countries, will differ prior to any trade taking place ("autarky"). why profit-seeking will cause each country to specialize - wholly or partially - in producing one of the goods, and why this specialization will increase total world output and income?
B) Explain how "perfect" competition differs from "imperfect" competition, and how firms in so called "oligopolistic" industries might be expected to adjust their prices and outputs in the latter type of structure.
I need help with identifying 5-realistic and important factors that will contribute to a successful United State economic recovery over the next 5-years.
Elucidate the roles played by total utility and marginal utility.
Is Guatemala debt makes if the government runs a balanced budget in both a and b.
What is the current minimum wage in the U.S - what is the minimum wage for workers who receive tips and what is the current minimum wage for the state that you live in
One of the major problems in macroeconomics is disagreement in the debate over policy activism versus policy rules.
Find the Cantina's marginal revenue function and in the same diagram, illustrate the Cantina's demand curve and marginal revenue curve.
Illustrate what are the benefits and drawbacks of dynamic pricing for that particular company.
Illustrate what are some of the traditional international trade theories that support the concept of globalization.
Suppose a closed economy which has suffered from a sub prime crisis. During such a crisis households and bankers often become more cautious.
Calculate the markup percentage also target selling price that will allow Bolus Computer Parts to earn its desired ROI of 25% on this new component.
Briefly outline the current state of U.S. policy toward sugar imports and perform an economic cost benefit analysis to evaluate the welfare effects of eliminating import quotas and tariffs.
What is meant by the Golden Rule and use the Mankiw Golden Rule graph to discuss whether this increase in the US s would have any effect on the GR variables of interest.
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