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1. Explain why hyperinflation has such a devastating impact on economies. Explain what it takes to stop hyperinflation.
2. Why is there free trade between states in the United States but not necessarily between countries?
3. When the world's economies are on a fixed gold standard and the discoveries of gold do not keep pace with the growing world GDP, what happens?
Assume the economy is slumping into recession and needs a fiscal policy boost.
Ms. Fogg is planning a trip where she plans to spend $10,000-What is the maximum amount that Ms. Fogg is willing to pay to insure the $1,000?
Suppose you want to produce WIDGETS in your country. The international price of an imported WIDGET is $50 and pays an import tariff of $10 per unit. Three inputs are needed to produce a WIDGET.
Discuss how conservatives, liberals and radicals explain the causes of and solutions to poverty. what evidence do they use to support their view.
Suppose that in the market for comic book illustrators the substitution effect dominates the income effect While visiting Comic Con.
Airway Express has evening flight from Los Angeles to New York with average of 80 passengers and return flight the next afternoon with average of 50 passengers. Should the airline remain in business?
The largo Publishing House uses 400 printers and 200 printing presses to produce books. A printer's wage is $20 and the price of a printing press is $5000.00. If not, how should the manager of Largo Publishing house adjust input usage?
The mine operates on a three shift depends per day , 6 days a week. Allows for availability the mining system operates 5,000 hours per year.
Draw a set of indifference curves for Jones, and second set for Smith, with alcoholic drinks on vertical axis and non-alcoholic on the horizontal axis.
Provide an example of how fiscal also monetary policies compliment or work against each other.
It is impossible to select as BMW's and laser printers are fundamentally different goods with different purposes.
What is the inflation rate in Home? In Foreign? What is the rate of change in the nominal exchange rate? Which currency is expected to appreciate? At what rate? Explain.
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