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Describe the four types of regional trading agreements discussed in class and show how each type creates a greater and greater level of economic integration. Using the European Union as your example, describe the challenges associated with the various stages of economic integration. Contrast the EU with NAFTA and provide your rationale for why NAFTA has not, to date, reached the same level of economic integration as has occurred in Europe.
After paying the movie distributors and meeting all other noninterest expenses, the owner expects to net $2 per ticket sold. Construction costs are $1,000,000 per screen. What is marginal benefits and marginal costs.
What assumptions do we make in the long run regarding the velocity of circulation and the relationship between real GDP and potential GDP? (MV=PY)
The firm is going to borrow the money for its capital purchases. The interest paid on the debt can be added to accounting costs. Suppose it turns out that the present value of this expense is .10 for every dollar of capital purchased. What is the ..
q1. although the u.s. is one of the richest nations in the world it is also the worlds largest debtor nation. we often
Explain the advantages of specialization and trade in international economics. Explain how economic growth and international trade increase consumption possibilities.
Should the government increase the minimum wage? What should be the GUIDELINES for an increase? What are some of the disadvantages of an increase?
Draw a supply and demand graph for both the short run and long run money markets and explain the impact of an increase in the money supply on each market.
Suppose that a small nation produces mushrooms for domestic consumption also possible export.
If a country's Central Bank purchases assets (e.g., bonds from banks), the economic result is:
what is the marginal utility of X? If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?
Consider a small open economy operating a fixed exchange rate. Compare the effects on domestic real GDP of an increase in government spending under each of the following circumstances:
In the early 1990s, Argentina stopped increasing the money supply and fixed the exchange rate of the Argentine austral at 10,000 to the dollar. It then renamed the Argentine currency the "peso" and cut off four zeros so that one peso equaled one doll..
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