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1.What factors are important in determining the length of the imitation lag and the length of the demand lag? Explain.
2.Ignoring the mathematics, explain the operation of the Krugman model in economic terms, and indicate the principal lessons of it.
3.Why is an increase in the number of varieties of a good regarded as a gain from trade? Can you think of economic disadvantages associated with greater product variety? Explain.
4.Is the distinction between "intra-industry trade" and "inter industry trade" a useful distinction? Why or why not?
Before the merger, each of the separate newspapers was losing about 10 million per year. what forecast would you make for the merged firms profits.
Explain the most important economic, political or social issue facing the United States.
A small-volume foreign auto maker limits the number of its franchised dealers in the United States and gives them exclusive territories. There are also non-dealers who have no official connection with the manufacturer.
Most countries abandoned the gold standard during the 1930s. What was the key event of that time period that led to the end of the gold standard What did countries want to do that the gold standard would have prevented them from doing 2) Both the..
Explain briefly why capital is the fixed factor in the short run, and not labor.
The total sum of squares is 400 and the sum of squares errors is 100, what is the coefficient of determination?
1. What is the difference between gross domestic product (GDP) and gross national product (GNP)? 2. Based on the table, what calculations must you make to determine GNP from GDP? 3. What is national income (NI)? 4. Which was higher in this year, GNP ..
the other an approach that calls for more intervention to improve the working of the market and the well being of society. Explain how these remain the two chief competing policy positions that divide more conservative from more liberal policies i..
Explain the difficulty of defining and using the user cost of capital and discuss the value in making decisions based on it, rather than using accounting expense data. What is the difference between opportunity cost and accounting costs?
What are the pros and corns of a market economy in comparison with a command economy.
You can lease the similar piece of equipment, delivered and installed, for an all-in cost of $65,000 per year, for three years, payable at the beginning of each year.
irrigation improves the yield of strawberries per acre measured in pints according to the fucntion s -w-22 50 where s
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