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By 1993, nations in the European Union (EU) had eliminated all barriers to the flow of goods, services, labor, and capital across their borders. Even such things as consumer protection laws and the types of plugs required to plug in appliances have been standardized to ensure that there will be no barriers to trade. How do you think this elimination of trade barriers affected EU output?
Illustrate what has happened to the value of the real exchange rate over time. What is the significance of this change in value.
Elucidate why this information does not allow you to establish limits on the terms of trade between these two countries.
a manager hires labor and rents capital equipment in a very competitive market. currently the wage rate is 6 per hour
Suppose the government removes a tax on buyers of a good and levies a tax of the same size on sellers of a good. How does this change in tax policy affect the price that buyers pay sellers for this good, the amount buyers are out of pocket includi..
You have been hired by the Department of An Taoiseach to comment and critique a sustainable growth plan being considered by parliament.
What are the five criteria necessary in order for a good to be suitable as a medium of exchange, and explain whether Australian currency is suitable to use as a medium of exchange.
draw lorenz curves for 2 income distributions. can you say which distribution isnbsp more unequal based on the
1. Productive efficiency does not hold for a profit-maximizing, monopolistically competitive firm in the long run equilibrium because the firm operates along the diseconomies of scale region of its average total curve? True or False
Elucidate why relatively flat as opposite relatively steep labor demand curves are more consistent.
Binomial Distribution. An official from the securities commission estimates that 75% of all online bankers have profited from the use of insider information. Assume that 15 online bankers are selected at random from the commission's registry.
How do they affect the economy in terms of growth, labor force, and price of labor?
Assume your bank increase its minimum-balance requirement for free checking on checking accounts by $500. You take $500 out of your passbook savings account
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