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Economics help: Comparative advantage
As a manager of a financial planning business you have two financial planners.In an hour a person can produce 1 statement or answer 10 calls while another can produce 3 statemnets or answer 12 calls. Does either person has an absolute advantage in producing both products?Should they be self sufficent ( each producing statements and answering phones) or specialize?
Explain how has a more diversified labor force affected the corporate structure and the economy.
Suppose if the government increases taxes, which of the following is LEAST likely to occur.
Microeconomics and macroeconomics: Elucidate the differences among the two and why economics is divided into these two subdivisions.
Discuss how absolute advantage and comparative advantage differ? Kyle can read 20 pages of the economics in an hour. He can also read 50 pages of history in an hour. He spends 5 hours pre day studying. Draw Kyle's production possibilities fron..
When is international job an opportunity for workers. When is it a threat to workers. What are some of the major challenges confronting the international trading system.
GDP only raise by three quarters of the expected amount. Illustrate what factors might be responsible for this situation.
Do you think that the World Bank is orientating its action in a right way or not and if not, any ideas of how to redefine its action.
Explain how might these regulations be thought of as being a negative technological change.
Should US laws be changed to need a shorter work week and longer vacation time.
How many "spells" of unemployment occur each year in this economy? What percentage of the "spells" are only one month long?
What are the firm's fixed costs? What is the firm's marginal cost? Now suppose other firms in the market sell the product at a price of $10.
Assume the US economy experiences deflation. Trace through the impact on the US macroeconomic variables to the effect on the FOREX rates.
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