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1. What is meant by the statement that China “is labor-abundant and land scarce.”? What affect does that fact on China’s willingness to trade?
2. The predictions for China based on the material in Chapter 4 are said to have started to become true in 1976. What happened in 1976 to affect these predictions and how did that event contribute to these predictions coming true?
a) What is the socially efficient level of security?
Determine how velocity is affected by an increase in real income (Y), an increase in the nominal interest rate, and an increase in the price level.
Compute the sizes of the consumer and the producer surpluses at the equilibrium price and quantity derived in (1).
What is the difference between fixed cost and variable cost? Explain the shape of the Total Variable Cost curve and explain why and how the total cost and total variable cost curves differ.
You have been assigned the task of creating a multiple regression equation of at least three variables that explains Microsoft's annual sales. Consider using a time series of data of at least 10 years.
suppose that the firms initial demand curve had been p 5000 - 50q and that it shifted inward to p 4000 - 50q. assume
first secure access to the wall street journal via one of the three ways specified in the how to access the wall street
Define the term "opportunity cost." Now that you have a definition of opportunity cost weigh the positives and negatives of taking a leave of absence from work and moving out of town to attend college full time, or maintaining your job while atten..
Compute the unit price if the ventor sold 200 CDs. Compute the demand curve for CD. Calculate the fixed and variable costs. Calculate the break even quantities (number of CDS).
What subsidy is necessary to induce the monopolist to produce the socially optimal level of output?
How are market price, average revenue, and marginal revenue related for a perfectly competitive firm and why?
Find the Herfindahl index for the industry composed of a) three firms-one with the 70 percent of the market, and the other two with 20 and 10 percent of the market, respectively; b)one firm with a 50 percent share of the market and 10 other equalized..
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