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Q1. If unit labor costs in Spain and Portugal rise, but unit labor costs in Germany decline and other producer prices stay unaffected, Illustrate the effect should these factors, by themselves, have on export trade, and why?
Q2. What three factors determine whether two economies with separate fiscal and monetary authorities should form a currency union? Give an illustration of each factor using NAFTA economies.
Explain the process of how that movement occurred using behaviors of consumers and suppliers. Graph the movement between the two points as well.
The cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output.
Economists argue that the move from barter to money increased trade and production. How is this possible.
South Korea can produce a maximum of 600 million toaster ovens or 900 million tons of rice per year. The U.S. can produce a maximum of 700 million toaster ovens or 1,000 million tons of rice per year.
Russian farmers, again, have a poor crop. Their government has announced that they will not ban exports. Discuss the impact on domestic and world prices, consumers and producers the effects of the Russian government's decision.
Find the quantity that maximizes the profit of the monopolist, the profit of the monopolist and the corresponding domestic and international price.
Elucidate how do the GDP per capitals change after accounting for price indices.
The 2001 recession ended in November 2001, but the perception of "bad economic times" lingered into 2002 and 2003. What evidence do these graphs provide concerning the lingering perception of a recession.
Calculate the cost elasticity of demand as well as for paint as well as show your calculations.
What do you imagine about the interest on payday loans is too high or just right.
Lean Burger's drive through receives 20 customers in every ten minutes of business time.
Gains from trade will result if a country specializes.
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