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Two countries, Italy and America, initially are capable of producing only two goods: wine (w) and pasta (p). Italy can produce a maximum of 200w and 0p or 100p and 0w, or any linear combination of these numbers. America can produce a maximum of 50w and 0p, or 400p and 0w, or any linear combination of these numbers. (place wine on the x axis and pasta on the y axis)
what is the Italy's Marginal Cost of producing WINE for every (one) PASTA not produced.
Suppose that the spot value of the British pound is $1.55, the annualized thirty day sterling interest rate is 10 percent, the annualized 30-day U.S. interest rate is 8.5 percent,
what will be the impact on American business, in terms of how businesses create value by integrating the production and distribution of goods, services, and information?
Discuss how deficit spending relates to the economic collapse of the Greece and Spain economies. Relate their economic collapse to U.S. current economic problems. How does U.S. deficit spending affect our economy
An article written immediately after re election of George W. Bush referred to his environmental rule system where power plants purchase and sell the right to pollute in form of emission credits,
Using supply and demand analysis for manufactures and assuming Canada is a high priced producer compared to the US, draw the supply and demand curves for Canada and the US as well as the import demand and supply curves assuming free trade
What is the effect on the economic well-being of a nation when a tariff is imposed Consult a newspaper and identify an industry where there currently is a tariff. please provide the source. What is the effect of this tariff on the U.S. economy
The U.S. Postal Service (USPS) operates at a loss but its closest competitors - UPS and FedEx - both operate at a profit. Suggest how fixed costs have contributed to the situation of the USPS. Provide support for your response.
Event 1: The wages for all dental assistants increase, increasing the costs of inputs. Event 2: The government provides national dental insurance benefits for all U.S. citizens that cover 100% of the cost of all dental services.
The National Research Council conducted a study of the U.S. aircraft industry, which stresses the importance to airplane manufacturers of serving the entire world market. As evidence, the council presents the following graph: The curve shown in t..
Derive the relative supply of apples in the world - write a summary about its description of the european situation. What do you think that is going to happen to the Euro zone?
What is the percent change in prices of each of the goods from 2010 to 2011 and from 2011 to 2012 c. Calculate nominal GDP in Britannica for each of the three years. What is percent change in nominal GDP from 2010 to 2011 and from 2011 to 2012
Determine what role did the rules of many governments play in influencing the international expansion strategies of both McDonald's and Wal-Mart and differentiate McDonald's strategies in China with those of Wal-Mart in Mexico?
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