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Here is a "dynamic technology" question - When it comes to automobile production it is an accepted fact that American automakers did not readily adopt and use Asian and European technologies in the production of cars. The result was a loss of global markets for the American producers. So the USA government imposed tariffs and other restrictions on the import of foreign cars. In response the European and Asians constructed production plants in the USA in low-cost, non-union states like Tennessee and Kentucky. As a result the Americans (especially in the Detroit factories) then begin to integrate the Asian and European technologies into the production to compete with the new arrivals. Part of the new technology was to substitute capital (adding robots) for labor in the production of cars. Using isoquant maps, show the typical American car maker production function prior to the new arrivals. How might the maps change after the new arrivals arrived? What might be different between the two isoquant maps with respect to the height of the maps and the expected RTSs on the maps?
The largest loan that the bank can make on the basis of the new deposit. If the bank chooses to hold reserves of $3,000 on the new deposit, what are the excess reserves on the deposit.
suppose you are considering growing and selling maize. Illustrate what is the profit maximising out put.
Discuss the elements that make up Australia's Current Account. Outline the cyclical and structural factors that have caused Current Account Deficits in the last decade.
Illustrate what is the fed funds rate in the banking system. Explicates howthe Fed manipulates this rate in order to achieve macroeconomic objectives.
Assuming no government intervention, describe the market behavior that should result if the price of a product is below its equilibrium price; then describe the behavior that should occur if the price is above its equilibrium price.
the world price of coffee rose about 100%. What was the approximate price elasticity of demand for coffee? was the demand elastic or inelastic?
Is it reasonable from an economist's viewpoint to minimize the role of the government in accordance with Nozick's moral argument.
how resource growth and improvements in technology can allow a nation to increase its production of government goods and services while also increasing its output of private goods and services
Compute new supply of $ at each exchange rate and graph the new supply curve.
Take into account the due dates. Prevent plagio. Late assignments have a penalty of two points. Submit assignments as attachment for easier correction.
Hero Nakamura is CEO of the Cola King Bottling Company a small regional producer operating in the Pacific Northwest. Nakamura is considering two alternative expansion proposals
We also observe that the proportion of workers receiving disability benefits is much lower in the US than in the latter two nations. Are these findings consistent with the work-leisure model.
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