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Saudi Arabia has a comparative advantage in producing oil because it:
has specialized in the production of all goods.
has specialized in the production of oil given its natural resources.
benefits from the heavy use of oil for transportation.
forces the use of oil for the production of all electricity.
has forced other countries not to sell their oil.
Describe how many days before the due date the cesarean section should be carried out so that there is no more than a 10 percent chance that the woman will go into labor before that date.
Pocoyo bakes cookies also Pato grows vegetables. In which of the subsequent cases is it impossible for both Pocoyo also Pato to benefit from trade.
The national debt is now $8,700,000,000,000. If the population of the United States is 300,000,000 what is each citizen's share of this debt? The national debt is rising at the rate of 1.69 billion dollars per day. Explain how much is each citizen..
Assume two power plants release Sulfur Dioxide (SO2) in Athens, GA. A1 is the abatement in firm1 and A2 is the abatement in firm 2. Please calculate the total costs and marginal costs of abatement for both firms under a uniform allocation approach. U..
How does monetary and fiscal policy affect aggregate demand?
What cost does an impact industry pay for capital. What is the total price of producing 120,180, and 240 units of output in the long run.
What is the opportunity cost of investing in physical capital? Do you think a country can "over invest" in physical capital? What is the opportunity cost of investing in human capital? Do you think that a country can "over-invest" in human capital? E..
Elucidate what happen to the prices of oranges and marginal product of orange pickers as a result of a freeze. Can you say what happens to the demand for oranges pickers. Why or why not.
If David's only illness this year results in an appendectomy, explain how many days will he choose to stay in the hospital.
Now suppose one big firm comes and buys out all of the firms in the cartel. This monopoly somehow miraculously is able to perfectly price discriminate. How much will this firm produce? What will be the deadweight loss created by this monopoly?
Elucidate how does the real wage rate at point c compare with the real salary rate at point a. How do nominal wage rates compare at those two points.
Coke also Pepsi have their market dominance for nearly a century. General Motors also Ford have been hard hit by competition.
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