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Household finances are similar in some ways to a nation’s international transactions.
A) Suppose a household consumes (spends) more than its income. What are 3 legal ways it can finance this deficit? Give an example of each.
B) How can a nation that runs a persistent Current Account deficit finance its excess consumption?
q1. in benchmarking sales representatives against one another illustrate problems arise from continuing to reassign the
How would the effects of international trade on the domestic orange market change in the world price of oranges were above the domestic equilibrium? Draw a graph to help explain your answer.
What is a stream of historical data known as?
What is the rate of inflation of the U.S. dollar is 5% and the rate of inflation of the Japanese yen is 2%. What is the percent change in the real $/Y exchange rate.
q1. assume demand take the form q 36p-1.a. show that the price elasticity of demand is constant and equal to -1.b.
The classic example of opportunity cost is the costs of going to college. Illustrate the implicit opportunity cost of foregone income as well as tuition, books, etc. Think about whether room and board should be considered a cost of college. Calculate..
In the absence of a binding and enforceable agreement, determine the dominant strategy for AMC. c. Determine the dominant strategy for SAMI. d. If the two firms can enter into a binding and enforceable agreement, determine the strategy that each fi..
Illustrate what is the equilibrium price. If supply at every price is reduced by five gallons, what will the new equilibrium price be.
Summarize the arguments as to why we should not worry about the very large size of recent and current Federal deficits and our National debt. Deficits naturally occur with business cycles. Deficits can be used to lower unemployment now. Deficits spen..
rounding down again to two decimals draw a supply and demand diagram like we did numerous times in the lectures
Discuss the opportunity costs of natural disasters. Calculate (in $$$) your opportunity costs of natural disaster.
Market failure occurs in natural monopolies because
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