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Problem
1. Why does a country require reserves of foreign currency when exchange rates are fixed but not when they are floating?
2. When exchange rates are fixed, is the purchasing power parity theory irrelevant?
3. Distinguish between depreciation and devaluation.
Elucidate two reasons a single minimum salary might distort the labor market for teenage workers more than it would the market for adult workers.
In article on the steel industry, The Wall Street Journal noted that as steel prices were falling, steelmakers were not cutting production
If the orchard owner only wants to initially trade for hats and bread, the baker only wants to initially trade for hats and shoes, the cobbler only wants to initially trade bread and apples and the hat maker only wants to initially trade for apple..
During the period, there has on several occasions been implemented important labor market policy interventions. What does this mean for the model assumptions?
Because bagels and cream cheese are often eaten together, they are complements. We observe that both the equilibrium price of cream cheese and the equilibrium quantity of bagels have risen. What could be responsible for this pattern-- a fall in the p..
Some businesses and industries are controlled by the government; government provides many health and welfare benefits, found in both limited and unlimited governments. This is referred to as?
GDP does not include the value of used goods that are resold. Why would including such transactions make GDP a less informative measure of economic well-being?
Which do you feel is a better approach, free or fair trade, and why? Given concept of comparative advantage should we even be discussing free versus fair trade?
Graph a market with a tax where firms pay the majority of the tax. 3. Graph the long run equilibrium for perfect competition. Using a similar average cost curve, graph the long run equilibrium for monopolistic competition. Compare the results. Gra..
Explain why does the US steel industry want a tariff on imported steel. Show the US steel market with and without a tariff, showing graphically why they will like a tariff.
Using the following data calculate Disposable Income:
A rock is found to contain 2.2 grams of uranium-235, a radioactive isotope. If the rock has undergone 2.75 half lives, what was the original amount of uranium-235 in the rock and how old is the rock?
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