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Q1. The law of comparative advantage states that a nation is better off when it produces goods also services for which it has the comparative advantage. Elucidate how is a comparative advantage obtained?
Q2. If a country has a working-age population of 200 million, 135 million people with jobs also 15 million people unemployed also seeking employment, then its labor force is:
Q3. The international parcel service has installed a new radio frequency identification system to help reduce the number of packages that are incorrectly delivered. The capital investment in the system is 65,000 also the projected annual
What is the impact of the trade surplus or trade deficit upon the interest rates and currency exchange rates.
Explain how supreme as well as comparative advantages were used in your simulation.
Assume that household consumption decision suddenly become less sensitive to change in the rate of interest.
A Fenway park, home of the Boston Red Sox, seating is limited to 39.000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue.
What, how and for who apply to the following the economic decision. Should the company makes its own spare parts or buy them from an outside vendor.
Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
Specify whether you agree or disagree with the statement as it appears on the topic survey.
The banking system is a fractional reserve banking system with a desired reserve deposit ratio. Banking system is a fractional reserve banking system.
Would a typical hedger be willing to pay a risk premium in order to hedge by buying foreign currency forward.
If the Federal Reserve adopts a restrictive monetary policy that leads to relatively high interest ratesin United States, what happens to the demand and supply of foreign currency and the dollar's exchange value.
A county is considering using a piece of park land for one of two alternative recreation projects.
Find the profit-maximizing choice of q for this miniature farm; also compute profits that will be earned at this choice of q.
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