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Imagine you are working in the DVD rental industry and there is a permanent decline in demand DVD rentals. Do you think the price of renting DVDs rise, fall or stay about the same in the long run, ceteris paribus (assume a perfectly competitive market)? Explain.
Suppose the U.S. and Mexico both produce 2 goods, tablets and cereal, using 2 inputs, capital (K) and labor (L). The production of tablets is capital-intensive, and that of cereal is labor-intensive. The U.S. is a capital-abundant country, and Mexico..
Policymakers around the world often face what Obstfeld and Taylor dubbed a `policy trilemma': They want capital mobility for efficiency and edibility purposes;
What conditions exist when economic profits are maximized - What is the difference between economic and accounting profits?
What is the effect of unemployment insurance on the natural rate of unemployment?
Macro and Microeconomic Concepts in a Global Context IP - Before making a decision about entering into the global market, business owners must familiarize themselves with some macro- and microeconomic concepts.
suppose two entities are considering collusion - to make things legal consider a situation similar to opec except
how much will the household save each period and it does have important roles in the economy. Three of these roles are.
explain why purchasing power parity ppp works better in the long run than in the short run. your 200 word answer
a describe using examples the three types of unemployment we generally come across and which of these are included in
You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course.
Prepare a five minute summary presentation on the company for presentation to the class on assigned date
What type of property ownership does the following describe? George and Martha each own an undivided interest in a house and surrounding land they call "Mount Vernon;" at George's death his interest passes automatically to Martha.
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