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1. Why might European Monetary System provisions for the extension of central bank credits from strong-to weak-currency members have increased the stability of European Monetary System exchange rates?
2. Why would the failure to create a unified European Union labor market be particularly harmful to the prospects for a smoothly functioning Economic and Monetary Union?
Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially.
10 consumers, ranked by their value for a network product v = 1...10, are deciding whether to connect to the network. If there are n people on the network, including oneself, then a consumer's willingness to pay equals n x v. What is the highest pric..
The Marginal Rate of Product Substitution (MRPS) is the rate that one output must be decreased as production of the other output is increased. The most common form of MRPS is?
A sudden crash in the stock market shifts
Which of explanatory variables in regression are statistically significant, Elucidate. How much of total variation in pie sales does regression model elucidate.
describe whether that combination leads to more or less growth over the next period.
Power stations emit sulfur dioxide as a waste product. This generates a cost to society that is not paid for by the firm; therefore, pollution is a negative externality of power production. Suppose the U.S. government wants to correct this market fai..
Sensitivity to a minority group is as important as being aware of and using the language of that group effectively. Insensitivity towards any group can cost an organization money and opportunity. What do you think the PR department should do inside t..
What s the general pattern of the US income distribution over the last century. Explain about the timing of the changes.
Real wealth which capitalists pull out of market must somewhere enter market. What is this hidden mechanism.
increases the equilibrium GDP also the size of that increase varies directly with the size of the MPC
If the European Central Bank increases interest rates, the demand curve for European euros shifts rightward and the supply curve of European euros shifts leftward.
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