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Discuss the conditions under which fixed exchange may prove superior to flexible exchange rate. Be sure to discuss the set of operations (and their difficulties) necessary to maintain a fixed exchange rate.
List and explain four instances when the invisible hand may fail to efficiently allocate resources.
Which of the following might most closely represent a monopolist? In a monopolistic labor market, the marginal-factor-cost curve is
Suppose USA has 2,400 units of labor available. It can produce two goods, apple and bananas. The unit labor requirement in the apple production is 3, while in banana production, it is 2. Suppose Canada has a labor force of 800. Graph Canada's product..
Why could you say that supply-side economics is really more about after-tax wages and after-tax returns on investment than is about tax rates?
A private-equity company is confident that by terminating Russell's money losing fruit-flavored beer coolers and by selling the women's hosiery division free cash flow can be increased $4 million annually for the next decade. Assuming these actions d..
An unseasonably warm March is followed by a unseasonably cold April. This leads to a 30% reduction in the yield of apples. As a result, the price of peaches increases. Illustrate this situation with supply and demand curves (draw diagrams for both ma..
With respect to government regulation and market failure, is the cure worse than the disease? Please explain.
Over the past 30 years, health care expenditure in the U.S. grew at an average rate of 3.7% per year plus the rate of inflation, while expenditure on all other goods grew only 1% per year plus the rate of inflation. What seem to be the main reasons w..
How many subjects are needed within 3 points with a 99% confidence with a standard deviation of 12.3?
The following table provides a probability distribution for the random variable x.
Which of the following is the name of the power connector that is larger than the connector used for floppy diskette drives and that is commonly used with PATA drives?
If a random sample of 40 batteries was selected, what is the probability that the sample average for the battery lifetime will be between 921 and 942 days.
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