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You are given the data below for 2008 for the imaginary country of Amagre, whose currency is the G.
Consumption 350 billion GTransfer payments 100 billion GInvestment 100 billion GGovernment purchases 200 billion GExports 50 billion GImports 150 billion GBond purchases 200 billion GEarnings on foreign investments 75 billion GForeign earnings on Amagre investment 25 billion G
Compute net foreign investment.Compute net exports.Compute GDP.Compute GNP.
Most spells of unemployment are short, and most unemployment observed at any given time is long term. How can this be?
Assuming the industry is perfectly competitive, calculate the domestic equilibrium price and output combination and Is the outcome in part B desirable from society's viewpoint
You are the manager of a firm that receives revenues of $40,000 per year from product X and $90,000 per year from product Y.
Assume that the two firms behave as Cournot Duopolists. Explaining the concept of best response or Creaction function, determine the best response function for each firm. Calculate the profit maximizing output of each firm and the market price.
suppose that Abel builds a factory next to Baker´s farm, and air pollution from the factory harms Baker´s crops. Is Baker´s property right to the land being violated Is an externality present What if the pollution invades Baker´s home and harms he..
When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sella. any positive output the entrepreneur decides upon because all of it can be sold. b. nothing at all; the firm shuts down c. the ou..
Which of the following public policies restricts competition? A. Licensing B. Patents C. Import quotas D. All of the above
Explain how country A with comparative advantage in boot making and country B with comparative advantage in wine making can gain from trade with each other. Include in your explanation from where the gains are coming.
There are literally several elected officials across the U.S. at the local, state, and national levels. The 2-major political parties remain as important to election and reelection of public officials today as ever before.
The monopolist has a constant marginal and average total cost of $50 per unit.than find the monopolist’s profit-maximizing output and price.
Everyone's Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Why does this happen? Research the recent history of gasoline pricing in your area, and attempt to relate any fluctuations you observe to documented ..
The equation QA= 1/2(12-Q)b) is the so called reation function of duopolist A in a COurnot model becasue given the value of Qb, Qa gives the best or profit-maximizing level of sales of oligopolist A. Show that this is the case with reference. Wha..
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