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1. Explain why globalization is good for the United States. What are the drawbacks of globalization for our economy?
2. We run huge trade imbalances with two countries. Explain the cause of the imbalances.
3. What is the economist's case for free trade?
4. What is meant by our balance of payments? Explain what current account and capital account are.
5. What is the gold standard? How does it work?
The demand function for a certain brand of CD is given by p=-.01x^2-.2x+11 where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Determine the producers' surplus if the market price is set at ..
Assume you are part of a research team evaluating a proposal to clean up a hazardous waste site.
A group living in the United States in 2004 consisted of fifteen households with no elderly members. There were five single individuals living separately from each other (less than 65 years old). Their incomes were $7,000, $7,500, $8,000, $9,000, and..
When workers already have a large quantity of capital to use in producing goods and services, giving them an additional unit of capital increases their productivity only slightly.
Assuming that no currency leakage occurs, how much will the bank be able to lend to its customers following the Fed's purchase?
Given the current condition of the US economy, do you think US policy makers would prefer to see the $ rise in value, decline in value or stay at its current value? Discuss the advantages and disadvantages to the US economy at this time of a stronger..
The more abundant are idle resources when AD (aggregate demand) rises
q. 1. what is a business organization?2. what is the most common form of business organization?3. define sole
In preparing the actual forecast numbers, the forecast staff should
How is law of diminishing returns reflected in shape of total product curve. Illustrate what is relationship between diminishing returns and stages of production.
If income elasticities are equal for all goods, then all Mashallian demand functions must be downward sloping.
How would I plot a marginal product curve, say, given the number of workers on the x-axis and and the number of a certain product produced on the y-axis.
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