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1. Why is comparative advantage significant in international trade?
2. Identify the exchange rate that equalizes the prices of internationally traded goods across countries and briefly discuss the major functions this exchange rate serves.
3. Briefly discuss the shortcomings of environmental command-and-control regulations.
On the evening of the vote, local union officials voiced serious objections to this statute. Outline the basis of the argument most likely used by union officials.
The handgun sells in a specialized market, so we'll assume there are sufficient buyers and sellers so that the supply curve and demand curve are smooth, straight lines. The vertical intercept for the demand curve is at 560 and the vertical intercept ..
a large electronics company is organized into mainly profit-center divisions. the components division and the consumer
How much money can his bank lend out initially? How much total money supply will change eventually in the whole banking system?
what is meant by producer price index ppi? how has ppi behaved since year 2000? what have been the causes of these
the pizza company is considering entering the marketplace in your community. use the information from the pizza
Explain: “Politicians would make more rational economic decisions if they weren"t running for reelection every few years.” Do you favor term limits for elected officials?
. Assume the annual interest rate at 8% per year and the investments and withdrawals of funds are made at the end of each year. How much money you will need in this account right after your last deposit How much do u have to invest each year to rea..
Examine the International Monetary Fund
Suppose that the economy is thought to be 2 percent above potential (that is, the output gap is 2 percent) when potential output grows 4 percent per year. Suppose also that the Fed is following the Taylor rule, with an inflation rate of 2 perce..
The budget deficit is of tremendous concern and all law makers agree that some measures should be taken to reduce it. However, The Republicans see the issue as a spending problem, while the Democrats see it as a revenue problem.
Assume that the demand changes to QD = 600-2P and the supply function stays the same. Graph the new situation in Excel. Find the new equilibrium price and quantity, and show it on your graph.
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