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Which of the following is one of the most important causes for the recent increase in income inequality in China? Which of the following would be part of the Thai demand for U.S. dollars? The World Bank tracked the performance of countries that had u..
Suppose we now care about the long run decisions of a firm that has a production function of the form q = 2L + 3K. Draw the isoquant that represents 20 units of output. If the price of each unit of labor is 1, the price of each unit of capital is 2 a..
BMW of Colorado advertises on the radio that it has been owned and operated by the same family and in the same location for over 30 years. It then makes two claims: first, that is has lower overhead than other nearby auto dealers because it has owned..
If there is a significant change in demand, the demand curve will shift but the supply curve will not. What does happen to the supply curve and why?
Consider a company that assembles electric toasters using labor and robots. Suppose that in 1950, robots were so crude that they were useless in the assembly of toasters, so that toasters had to be assembled entirely by hand. Now suppose that as a re..
Once in the atmosphere, gases remain there for long periods of time (centuries). Greenhouse gases include carbon dioxide and methane.
If your neighbour returns from a shopping trip saying that she got a lot of consumer surplus from her purchases
Explain how will the bank respond to the withdrawal. Suppose that the bank responds to insufficient reserves by reducing the amount of deposits it holds until its level of reserves satisfies its required reserve ratio.
Janice decides to quit her $20,000 a year job and open a small store selling high fashion clothes. To start her store
Using the information above, what will be the approximate value of these exports in 1 year in U.S. dollars given that the firm executes a forward hedge? What will be the approximate value of these exports in 1 year in U.S. dollars given that the firm..
(a) Define the IS curve and the LM curve. In a diagram, illustrate the equilibrium implied by the IS - LM model.
Elucidate what is the present discounted value of the cost of the car if you use GM's interest-free financing
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