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Fiscal policy and trade agreement clarification
Why fiscal policy will be either more or less effective in an economy with a large foreign sector.
What is the importance of trade agreements? How is international trade related to the standard of living in the United States as opposed to a small industrial nation? Or of a developing nation?
Because net exports are counter-cyclical, analyze how the following change during an economic expansion: Consider the case in the context of a flexible exchange rate and a fixed exchange rate.
What is the level of price, output, and amount of profit for an unregulated monopolist? Analyze the effect of regulation on the allocation of resources. Which situation is most efficient? Which situation is most likely to be chosen by government? ..
Calculate the expected level of demand in a typical market. Indicate the range within which actual demand is expected to fall with 95% confidence.
Identify and describe the five sources of growth? Mention and explain four categories (types) of policies designed to promote growth.
"A substantial number of relatively unskilled persons reported that they can't find work. At the same time, there're many unfilled jobs for relatively skilled people. Apparently, the problem is that there're more unskilled peop..
Using the exchange rates and prices in the tables above:
You are a manager of a large but privately held online retailer that currently uses 17 unskilled workers and 6 semiskilled workers at its warehouse to box and ship the products it sells online.
Assume two firms, A and B, serve a market with demand D(p) = 100 - p. Assume that (i) they have identical cost functions, c(Q) = 5Q,
Perfect competition guarantees allocative efficiency. A profit-maximizing monopolist can never be allocatively efficient.
The government imposes a fixed fee per year on each firm operating in a competitive market.
The advent of the one man bus involved more capital equipment: an automatically operated coin box and door control device - to name two of the capital goods that replaced the conductor."
Suppose the company wants to set its price equal to full cost plus 30 percent. To determine cost, the company must estimate the number of units it will produce and sell in a year.
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