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Since the Bretton Woods Agreement, U.S Dollar has remained the world biggest foreign currency reserve due to the historical security and economic power of the U.S. However, there have been ongoing predictions that Euro may soon replace the dollar as the world reserve currency. What could be your view on this especially after the recent Brexit?
Explain how do you calculate the free market wage rate given the labor supply and demand functions.
Inequality within many developed countries is increasing. Evaluate the impact of policies designed to reduce inequality in a developed country of your choice
Illustrate what does this say about the likelihood of our running out of resources.
Explain how a voluntary exchange results in a win/win situation to both parties.
Explain why do you think we have laws that prohibit discrimination in pay based on sex or race but permit employers to discriminate in pay based on education or experience.
Sp represents personal savings. This money does not go into the economy. So why is it counted in this formula?
Elucidate how your explanation differs from the explanation for the downward sloping demand curve for a single product.
Assume that, from an initial consumer equilibrium position, price of good X falls while the price of good Y remains the same.
Explain two effects of an adverse technological shock on the labor market and on the output market -
Very important information regarding calculating the income elasticity of demand
suppose there are 2 countries home and foreign two factors of production capital and labor and two products food and
You are the manager of specific location sales for a national company that provides, among other things, cable television service.
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