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Suppose that the Home country in the two-sector (manufacturing and agriculture) specific-factors model has a comparative advantage in manufactured output. Which statement below best describes changes in returns on capital and land after trade occurs? A. The return on capital and land will both fall. B. The return on capital will rise and the return on land will fall. c. The return on capital and land will both rise. C. The return on capital will fall and the return on land will rise.
List the primary goals of the Fed in setting monetary policy - What happens to the aggregate demand curve and short run aggregate supply curve in the long run after this expansion of full employment output?
Recommend whether the FOMC should rise, lower, or keep short-term interest rates (the federal funds rate) the same. Support your recommendations with your research findings.
For each of the following, predict the effects on the equilibrium levels of aggregate output (Y) and the interest rate (r). Be sure you make predictions for both Y and r! During 2000, the Federal Reserve was tightening monetary policy in an attempt t..
If a person can either fish or chop coconuts for subsistence, what does production look like.
An industry comprising a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions, is called
Many country clubs and professional sports teams use a creative pricing strategy for memberships in the case of country clubs or seating in the case of professional sports. the Baltimore Ravens charge fans a one-time fee of $8,000 for a personal seat..
Bruce, Colleen, and David are all getting together at Bruce’s house on Friday evening to play their favorite game, Monopoly. They all love to eat sushi while they play. They all know from previous experience that two orders of sushi are just the righ..
Explain how many ships should be produced month if world chip costs are $62 per chips. Forecast the HSE's profit at this output level.
Is it ethical for an employer to require as a condition of employment or use as a consideration for advancement promotion, that an employee participate in organizations apart from the business (ie. community non-profit organizations)? Does the type o..
Using the ZZ/Y and NX graphs, illustrate graphically and explain what effect an increase in government spending will have on output, exports, imports, and net exports. Clearly label all curves and clearly label the initial and final equilibria
What approach has become an effective means of achieving environmental goals at the least cost to society?
Assume that demand for good X is a function of its price (PX), the price of good Y (PY), and Income (M) as follows: QX = {(M + PY)/(2PX)} - 1 Given the following values for these variables: PX = 2; PY = 5; M = 51 (a) Calculate the (own) price elastic..
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