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Problem
1. Describe an economic model you know. What assumptions does the model make? Are the assumptions reasonable?
2. What is the difference between disagreeing about a positive statement and disagreeing about a normative statement?
An exchange rate can be maintained only as long as
The importance of capital versus TFP: Create a new table that contains only the last three columns of the table in exercise.
Explain Myrdal's concept of cumulative and circular causation and compare and contrast it to Veblen's concept of cumulative causation.
Explain the assumptions behind the model of perfect competition and explain the sources of the recent housing price "bubble"? Provide a chart if needed?
if a competitive firm is currently producing a level of output at which profit is not maximized then it must be true
What market structure have you entered, and why - what can you do to guarantee success in market?
Which of the following both shift aggregate demand left? According to the short-run Phillips curve, if the central bank increases the money supply, then.
Analyze how economic growth is measured to determine which factor is the most difficult to measure accurately. Make recommendations on how the factor you identified can be measured more accurately.
suppose that there are two products clothing and soda. both brazil and the united states produce each product. brazil
Firm A makes and sells electric cars. The total cost is the sum of the costs of frames, assembly, engines including batteries.
The supply curve for productXis given byQXS= -340 + 10PX . a. Find the inverse supply curve. P =+Q
answer the following questions using examples and applications from the readings. justify your answers using economic
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