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Which of the following statements is an example of a practical constraint on trade? A.Production possibilities curves exhibit increasing returns. B.Transportation and communication costs occur with every trade. C.Workers in every industry in the trading countries will benefit from trade. D.Small countries may not have any absolute advantages in producing goods.
In the late 1990s, car leasing was very popular in the United States. A customer would lease a car from the manufacturer for a set term, usually two years, and then have the option of keeping the car. Why was the manufacturer losing money on this pro..
Consider data on U.S. refrigerator sales from 2009. the market shares of the top 4 firms was 12% for Sears, 9% for lowes. 5% for walmart and 3.5% for home depot. firms 5 through 25 combined summed to 20.5 % and all other independents outside the top ..
What are the input levels for both x1 and x2 in order to minimize the cost for the orange grower
Which of the following are costs of high and/or unexpected inflation? Which of the following is NOT a function of the Federal Reserve?
List the determinants of elasticity of demand. Explain what each determinant means. Identify two examples from your own personal or professional life that illustrates EACH one of the determinants of elasticity. Raising bridge and tunnel tolls almost ..
In a small country each labor hour has a capital stock equal to 900 units. This year the country produced 20 units of new capital goods with the depreciation rate of 10% with the production function of why square root of K what is the growth rate
The government is concerned about the effect of rising milk prices on America's poorest households and has decided that something must be done to make milk more affordable. Use a graph to explain what would happen if the government put a price ceilin..
If a popular TV show on personal finance convinces more Americans about the importance of saving for retirement, the ________ curve for loanable funds would shift, driving the equilibrium interest rate ________.
Why, in a model with no production but two periods does an increase in current taxes (without a concurrent change in government spending) not a?ect consumption? How would the model likely change in terms of consumption and interest rates?
what is the new wage and employment level; are employees better or worse off as a result of the health insurance benefits?
Suppose one of your friends offered the following argument: A rightward shift in demand will cause an increase in price. The increase in price will cause a rightward shift of the supply curve, which would lead to an offsetting decrease in price. Ther..
When looking at a cheaper dollar, you will find that this will affect our economy. We are able to export more goods and services given the cheaper dollar. How do you think the US can support a cheaper dollar?
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