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Whenever there is an outflow of funds from any of the balance of payments accounts, it is recorded as a __________ , and called _______ .
minus; a unilateral transfer.
minus; a BOP debit.
plus; a BOP credit.
plus; a current account surplus.
What happen if the marginal product of labor is 23, is the firm minimizing cost. What happen if the marginal product of labor is 21, is the firm minimizing cost.
Elucidate how Illustrate what occurs to demand for L1 when w2 increases. Illustrate the scale also substitution effects.
Consider a monopolist with demand curve P= 100-Q/2 . The total cost of production is 10Q + 1500 for positive ouput and 500 if it shuts down production. Illustrate what is the maximum profit the monopolist can earn (assuming no possibility of price..
If the government removes a tax on a good, then the price paid by buyers will
Illustrate what must the saving rate be to achieve the Golden Rule level of capital.
Illustrate what do the nominal interest rate also the real interest rate that Whitney can earn. Whitney puts money in a savings account at her bank earning.
Compare and contrast the principles of the institutionalist school to neoclassicism. What tenets of neoclassicism do you think institutionalist economists would reject? Defend your selection.
Use supply and demand model to explain the dramatic rise in the price of a college education.
There is no uncertainty about the future. The consumer needs to save an amount this year that will allow her.
Elucidate in detail how banks operate. Include a description of how banks generate profits.
Assume that muffins are incredibly addictive, so consumers have perfectly inelastic demand for them, up to a certain saturation point.
Suppose the demand curve for a product is represented by a typical downward-sloping curve. Now suppose that the demand for this product increases. Which of the following statements accurately predicts the resulting increase in price?
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