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How does a country get a comparative advantage? How would you be able to figure out which product categories or industries the United States has a comparative advantage in?
Which of the following terms describes a contract based on information that cannot be observed by courts or arbitrators?
Allows the government to collect wealth for redistribution based on the amount of stored wealth that is being passed on in the form of an inheritance.
Expansionary policy is used to fix an expansionary gap. If US prices are relatively high, the quantity of US goods demanded is high, aote. The short-run AS curve overall has a positive slope in part because of the misperceptions.
Illustrate what price do you think this firm should charge if it wants to maximize its short-run profit.
Differentiated goods are NOT a feature of a:
Suppose the returns on an asset are normally distributed. Suppose the historical average annual return for the asset was 5.8 percent and the standard deviation was 14.4 percent. What is the probability that your return on this asset will be less than..
Many economies impose restriction on international capital flows. Assuming that such restrictions limit the scope for arbitrage between domestic and foreign bonds, thereby effectively making such bonds poorer substitutes for each other, explain how t..
What term best describes the payment which must be offered to a risk-averse individual to willingly accept a gamble?
If each test provides$6 net marginal revenue before labor and capital costs, is expansion advisable? Show all your work and explain your answer well.
structural unemployment of 2 percent, seasonal unemployment of 0.5 percent and cyclical unemployment of 2 percent, illustrate what is natural rate of unemployment.
If this were he case would there be any automatic stabilizers in the government economy. Elucidate what would there be any distinction between the full-employment deficit and actual budget deficit.
Assume to a program is implemented that guarantees college tuition assistance to students maintaining a minimum GPA standard.
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