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Suppose the country of Liliput exported 229 billion dollars worth of goods while they omported 489 bilion dollars worth of goods in the last calendar year.
Question 1: Calculate Liliput's balance of trade:
Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium price, quantity and consumer surplus?
Explain the relationship between one's beliefs about whether the minimum jobs program presented in the chapter actually solves the unemployment problem and one's normative view of responsibility for unemployment.
Prepare a table that shows total variable cost, average total cost, and marginal cost at each level of output.
Illustrate what is Michelle's opportunity cost of producing potatoes. What is Michelle's opportunity cost of producing chickens.
Assume that there are 10 million workers in Canada also that each of these workers can manufacture
Explain the role of the Federal Reserve, who monitors it and is it effective in its job? Evaluate one of the strategies of the Federal Reserve.
Two similar farms could have the same return to management but different net farm income due to:
A college raises its annual tuition from $28,000 to $30,000 and its student enrolment falls from 4,877 to 4,715. Compute the price elasticity of demand. Is demand elastic or inelastic? Explain and show your work.
Select one topic, then post and concisely defend your view. You may post to both topics, but are required to only select one for your initial post. Be careful to identify the positive reasons for your normative position. Examples of Outsourcing. Iden..
q1. the project management role has several responsibilities in the area of scope. which of the following represent
Explain what will the total decrease in aggregate demand be as a result of the initial $12 billion decrease.
Explain the key features and innovations of Progesa/ Oportunidades Program regarding human capital? Even though the program has been successful in Mexico, Explain why a similar program might not work elsewhere.
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