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Analyze the effects of a change in money supply in an open economy under a flexible exchange rate system. How are your conclusion affected by the adoption of a fixed exchange rate?
Assignment on Supply, Demand & Taxes, Supply, Demand, and Taxes, The market for tennis shoes exhibits the following supply and demand schedules:
A printer's wage rate is $20, and the price of a printing press is $5,000. The last printer added 20 books to total output, while the last press added 1,000 books to total output.
Determine which country has absolute advantage in production of tanks and explain why is it this country?
Economists make decisions by thinking in terms of alternatives. Why do economists thinks there is no such thing as a free lunch?
Describe the major characteristics of monopolistic competition and oligopoly.
Assume that the demand and supply curves for broccoli in the United States market are given by:
Compare the path of economic growth using GDP, GDP growth, and GDP per capita. Compare the evolution of Agriculture and Manufacture as components of GDP.
Industry structure is often measured through calculating the Four-Firm Concentration Ratio. Assume you've an industry with 20 firms and the CR is 30%. How would you describe this industry?
Assume a decrease in consumers' incomes causes a decrease in the demand for chicken and an increase in the demand for potatoes. Which good is inferior and which is normal? Explain your reasons.
What is the total product function for Dimex? The average product function? The marginal product function?
Choose an existing good or service from Will Bury's Price Elasticity, Incremental expenses, or Thomas Money Service Corporation scenarios, or choose an existing business with which you are familiar.
Summarize the differences between the four market types. Provide a general explanation of how business may maximize profit within each market type.
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