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In a nation's balance of payments, which one of the following items is always recorded as a positive entry?
investment income
merchandise imports
the effect of changes in foreign currency reserves on the flow of Canadian dollars
exports of services
capital flows
A firm in perfect competition has a Total Cost function of TC = 5Q^2 - 10Q + 20. If the current Price (P) = $5: What is the current quantity and profit? Will firms enter or leave the industry?
What are the opportunities presented to individuals and firms that result from technological innovation and changes in real-world competition
Suppose the government increases spending by $30 billion and raises taxes at by $20 billion at the same time. Then, interest rates will most likely stay the same.
The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. find the perfect competition price and quantity. calculate profit, social welfare(consumer and producer surpluses), and d..
1. In which of the following situations is the Coase theorem likely to apply? Explain.
At what level of output are total profit maximized. Illustrate what price will be charged.
Marginal propensity to consume (MPC) is the slope of the Keynesian AE curve. Using an equation and words, describe the relationship between MPC and the Keynesian spending multiplier.
Suppose now the price of a cell phone minute falls to $.50 per minute. Show how this will change the budget line.
Which of the following shifts the short-run, but not the long-run, aggregate supply right?
describe how current economic conditions affect your organization or one with which you are familiar. Identify most important economic indicator affecting your organization and elucidate why.
Can you identify the consequences of a strong dollar or a weak dollar in the United States? Which direction do you prefer for the overall health of the American economy? Should the U.S. take measure to ensure that the dollar retains its dominant role..
Review the Case for Analysis: The Chairman's Quandary on page 361 in the textbook, Economics for Managers Summarize the recent policy of the Federal Reserve concerning the level of interest rates and the reasons for this policy. What problems can ari..
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