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Other things being equal, a rise in a country's terms of trade increases its welfare. What would happen if we relax the ceteris paribus assumption, and allow for the law of demand to operate internationally?(Hint :Take into account the change in international demandafter the rise in terms of trade)
Its president administers schools, for example, a college of business and a college of liberal arts. The college of business each of these in turn has a dean who is responsible for faculty departments such as economics and finance.
Explain how will unskilled workers adapt to a workplace requiring more skilled workers and fewer unskilled workers.
Project the effect of national economic conditions regarding trade and specialization business decisions.
The consumerís after tax wage is now (1 t)w. Explain the e§ect of the new tax on the consumerís consumption and hours of work. In your answer, provide a graphical analysis illustrating the consumerís optimal choice of consumption and leisure befor..
Explain why the marginal revenue curve for a monopolist lies below its demand curve, rather than coinciding with the demand curve , as is the case for a perfectly competitive firm. Is it ever possible for monopolist's marginal revenue curve to coi..
When trying to assess differences in her customers, Claire - the owner of Claire's Rose Boutique - noticed a difference in the typical demand of her female versus her male customers. In particular, she found her female customers to be more price ..
Suppose the yield to maturity on a 2 year treasury note was 4.5 while the yield on a 1 year not was 5.5 assume that neither treasury note had coupon payments so the only payment was he face value received when the note matured.
Describe briefly the reasons why the following transactions would or would not be included in GNP and compare and contrast stabilization policy recommendations of monetarists and activists.
What is the expenditure multiplier-explain this briefly? What does it multiply? When an economy is in equilibrium what the size of unplanned inventories is?
Illustrtae what does the agent choose if the terms are worse than actuarially fair.
Determine what would happen to GDP if a significant number of house spouses who were previously stay home to care for their children began taking jobs and placing their children in day care?
Assume total benefits also total costs are given. Elucidate level of Y will yield the maximum net benefits.
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