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Using the concepts of rational behavior, utility, opportunity cost, marginal benefits and marginal costs, and allocative efficiency and content from the economics USA. comment on whether the United States should drill for oil in Alaska and off the Gulf Coast?
Does the difference in the change in the general CPI compared to the change in the Medical CPI clearly indicate that there has been more inflation in the medical industry than overall in the economy?
Show the relative wage in Home lies in between the relative productivity of labour of two sectors using the information you obtained from parts j and k.
If the European slump also leads to a slowdown of the other economies that import goods from the United States, the effect could be larger. Assume that US exports decrease by 5% (as a result of changes in foreign output) in one year. What is the ..
Why resources are no longer the most important indicators of economic growth disparity among countries? Which other economic and non-economic factors do you think explain the reasons behind growth disparities among countries?
Dubya make a decision to deposit $5,000 of his cash holdings in Wachovia. The required reserve ratio is set at 10 percent or .10 and the bank does not hold any excess reserves.
Which of the following situations will arise in the domestic market following the removal of an import quota? a. imports increase, domestic production increases, prices increase b. imports increase, domestic production decreases, prices decrease c. i..
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?
Determine what factors led to the mortgage default crisis and how did mortgage defaults affect banks involved in mortgage lending and mortgage investing Securitization
Describe the economic cost of most international trade less than economic benefit of that trade for both the firms and nations involved using trade and comparative advantage economic theories.
Why might the market exchange rate change a lot as this monetary tightening is announced and implemented and what is the path of market exchange rate likely to be over the next several years?
Use a graph of the pollution abatement market, model a situation in which the allocatively efficient level of abatement occurs at 100%,
Explain How do economists distinguish between the absolute and relative sizes of the public debt? Why is the distinction important?
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