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A free-trade exists in a two-region, two product world. The LLS. exports food and imports clothing. A long-term drought now occurs in East Asia. a. What is the effect on East Asia's Willingness to trade? b. Assuming that each region is large enough to influence international prices, how do East Asia's good-growing seasons in food affect the equilibrium international price ratio? c. Show on a graph and explain the effect of all this on the foliowing in the U.S.: 1) Quantities produced of food and clothing; 2) Quantities consumed of food and clothing; 3) U.S. well-being.
Some say which we should propose an amendment to the U.S. Constitution which would need a balancing the federal budget
Illustrate what are they, and what impacts do they have on the outcomes of Keynesian countercyclical policies.
Illustrate what will be the price of this new drink in the long run, assuming the industry is a Cournot duopoly.
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It is important to remember that in a communist society difference between value of machine and value of labour-power replaced by it will always vary. Are you still thinking that Capital is blueprint for society.
Explain why is presidential power "conditional" - that is, why is affected so substantially by circumstances, the makeup of congress, and popular support.
Enron will be an example of a dysfunctional organization for many years to come. It was clearly a organization riddled with fraud also excess also its conduct drove it into bankruptcy.
Provide an example for each about decision-making, interaction and workings of economy. Explain how that influences marginal benefits and marginal costs associated with decision to purchase a house.
Calculate the Golden Rule level of capital per effective worker and the saving rate associate with this steady state.
How is this going to involve prices in the marketplace for New York City. Create sure to provide appropriate economic terms in your answers.
The marginal damage to your neighbor's business is a function of how many alligators you keep and the amount of money spent on a fence that separates your properties:
Assume this economy is closed to trade, and compute consumption, government purchases, national saving, and investment.
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