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Q1. Write a 1,050- to 1,250-word report in APA format advising the President of Rodamia making recommendations for international trade. Address the following:
o List at least one advantage also one limitation of international trade you encountered in the simulation. o Define absolute also comparative advantage in your own words. o Explain how absolute also comparative advantage were used in your simulation. o Describe the influences affecting foreign exchange rates.
Q2. Given c = 100+0.9y I= 50. Illustrate what is the marginal propensity to consume? Illustrate what is the marginal propensity to save.
Compare the effects of an aggregate-demand-induced recession with an aggregate-supply-induced recession.
Explain why this formulation of consumption may provide a more accurate description of consumption than the simple consumption function that depends only on current income.
Determine the quantity demanded, the quantity supplied, and the magnitude
Examine the key factors affecting the demand for and the supply of a good or service
Coupled with $160 annual tax rebate per household. Will the household be better or worse off under the new program.
Specialty Steel has carefully measured production in its new plant to determine whether it is technically efficient in production.
Now assume that once he earns $400 he loses all his food stamp assistance. How does this change his budget constraint.
what is the approximate real rate of interest. Illustrate the exact real rate.
Suppose that the government imposed a $1 tax each time someone used an ATM.
A Monetary History of the United States, 1867-1960 uncovered the empirical reality that money is pro-cyclical and leading, the classical economists went to the drawing board.
The average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
If the government uses a tax to get producers to internalize their externality, what is the net price received by producers.
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