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1.What factors are important in determining the length of the imitation lag and the length of the demand lag? Explain.
2.Ignoring the mathematics, explain the operation of the Krugman model in economic terms, and indicate the principal lessons of it.
3.Why is an increase in the number of varieties of a good regarded as a gain from trade? Can you think of economic disadvantages associated with greater product variety? Explain.
4.Is the distinction between "intra-industry trade" and "inter industry trade" a useful distinction? Why or why not?
Assume you have a negotiation between Management and Labor concerning Labor wages. Management and Labor do well when they each do the opposite of what other does.
the marketplace in which it operates the role of government regulations of company and any issues or opportunities that the Home Depot faces.
Illustrate the price elasticity of demand at the equilibrium price and quantity.What is the price elasticity of supply at the equilibrium price and quantity.
You must select between sports training or working full time. If you choose sports training, you will have less of a social life. You will also pay $20,000 A year for training, but you will get $15,00 grant.
As the economy begins to recover from a recession and more people go back to work.
The setup activity price driver rate, using the best cost driver for this situation.
Write each production function given below in terms of output per person y a Y/L and capital per person k K /L. Plot these per person versions in a graph with y on the vertical axis and k on the horizontal axis.
A construction manager earns $70,000 every year working for a regional home builder decided to open his own home building company.
The US is proposing a significant rise in duty on Canadian softlumber. USE APPROPRIATE DIAGRAMS to answer the questions about the Canadian economy.
How does an expansionary monetary policy work? (Describe the steps through which an increase in money supply affects the real GDP). How does fiscal policy work? (Describe the steps through which an increase in G or TR, or a decrease in TX, affects ..
Consider a tropical island economy with 2-sectors, souvenir manufacturing and hospitality. Both sectors are perfectly competitive, and workers are equally able and willing to work in either industry.
What are the macro and micro problems? What systems are affected structural, psychosocial, technical, managerial, goals?
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