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All other things unchanged, which of the following events leads to a shift further outward in the country's production possibility curve?
Select one:
a. Its labor force participation rate decreases by 5% per year compared to 3% per year.
b. Its saving rate falls from 8% to 1% per year.
c. Government expenditures on basic research increases by 10% per year.
d. The number of students completing college education falls.
On the basis of historical data, Richard Tennant has concluded, "The consumption of cigarettes is [relatively] insensitive to changes in price. In contrast, the demand for individual brands is highly elastic in its response to p..
Assume you are the manager of a California winery. How would you expect the following events to affect price you will receive for a bottle of wine?
If private investors and speculators believe that the $0.12 per dirham exchange rate is not sustainable, and the exchange rate should be higher ($0.15 per dirham), what actions are they likely to take?
In Northlandia, there are no labor contracts; that is, wagerates can be renegotiated at any time. But in Southlandia, wagerates are set at the beginning of each odd year and last for twoyears. Why would equal-sized falls in aggregate output
In Narnia, 1 binky can be produced with 2 workers and 1 sippy cup can be produced with 0.25 workers. In Bedrock, 1 binky can be produced with 1 worker and 1 sippy cup can be produced with 0.50 workers. a. What is the opportunity cost of producing ..
If a firm pays employees hourly and guarantees every employee 35 hours per week, how would the firm categorize its labor costs - what is the marginal cost of the 10th unit of output?
Suppose that consumption schedule for a private open economy is such that consumption C=50+0.8Y. Suppose further that planned investment Ig and net exports Xn are independent of the level of real GDP
As an economist, you have been asked to address a meeting of a group of international professionals to explain the differences between microeconomics and macroeconomics and to provide real-world examples.
How does the Heckscher-Ohlin theory differ from Ricardian theory
What if The heuser company currently outstanding bonds have 10percent coupon and a 12 percent yeild to maturiity and a mariginal tax rate of 35 percent what is the after tax cost of debt?
The data are available for output (Q) and Long Run Total Cost (LTC) for a firm. Using appropriate calculations determine the range of outputs over which the firm's technology exhibits Increasing, Decreasing or Constant Returns to Scale.
Provide reasons to explain what the government would have to do to keep the unemployment rate
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