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True or False?
1. The process of specialization and trade has positive net benefits and is therefore beneficial to everyone.
2. It can be mutually beneficial for two nations to specialize in goods for which they have a comparative advantage and then trade with one another.
3. Countries specialize in the production of goods for which they have a comparative advantage.
What rate of return would you expect on a 1 year treasury security, assuming the pure expectation theory is valid? use arithmetic average.
The best way to do a sales analysis is to first break down sales by customer type, and then geographic region. Pricing objectives need not be explicitly stated. "Psychological pricing" involves setting prices which end in certain numbers, while "odd-..
If there is an inflationary gap in the economy, what fiscal policy decisions would you make to bring the economy back to the full employment point? Explain why in each policy that you make.
Explain the following practice/policy in terms of externalities. Charitable donation over HK$100 is tax deductible in Hong Kong. Why are some of the products, such as gasoline, taxed more heavily than other goods such as food? Explain your answer in ..
Does the existence of “efficiency loss” associated with health care over-consumption mean that citizens are worse off with the government’s provision of this insurance?
The text noted that money performs three basic functions. Select one of these functions and describe the ways rapid inflation could undermine money's ability to perform the function you selected.
He finds which he is overworked also which several of his research scientists seems to be spending work hours playing tennis.
At the moment, the market is completely ignoring things like record US trade deficits and the widening current account deficit. It is also largely ignoring the possibility of Federal Reserve rate cuts. In what way is fiscal easing in Japan relevant h..
Tax-policy model assumes no autonomous tax.
q1. tanisha owns one share of ibm stock which is currently trading at 80. there is a 50 chance that the share price
Adam Smith discussed how nations could benefit from trade, known as absolute advantage. What was David Ricardo’s improvement on Smith’s theory? How does it differ?
Linus has the utility function U(x1, x2) = x1 + 2x2. If the price of good 1 is $1 and the price of good 2 is 50 cents then Linus must consume equal amounts of both goods in order to maximize his utility.
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