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What are the predictions of the gravity model of international trade and Identify a country that could be considered an outlier to the predictions of the Gravity Model of international trade. Give explanations for why the country does not closely conform with the Gravity Model of Trade.
Dewey Cheatham is the new Vice President of Marketing for a large online search engine company, Pottstown Innovative Enterprises (AKA, PIE). Dewey has been doing some research into how he can increase the Company’s revenues and thereby really impress..
Suppose that an economy suddenly, deliberately fixes its exchange rate at a value that gives it a competitive advantage in world markets for trading goods. What would you expect would happen to the demand for its currency in world markets once its ex..
How should a monopsonist decide how much of a product to buy? Will it buy more or less than a competitive buyer? Explain briefly.
In the Malthusian model, suppose that population growth is given by N'/N=(c-2)(c-1)+1, where c=C/N is consumption per capita and output is given by Y=L (i.e. no labor needed). How many steady-state equilibrium does this economy have? How many are sta..
A bank manager advises all of his loan officers that the average cost of funds for the bank over the past year
Describe Wheatley theories and perspectives of leadership and organization. How do Wheatley's ideas support the new business realities?
Suppose that Natasha’s utility function is given by: u(I)=I^(0.5) where I represents annual income in thousands of dollars. Is Natasha risk loving, risk neutral or risk averse? Explain.
A car dealership is considering lowering the price of its min vans to promote sales. However, it worries that this will reduce sales of it station wagon autos. It finds the cross product of demand to be 1.5. Are its concerns legitimate? Explain.
Vicki is shopping for books. She prefers Great Expectations to The Chosen and prefers The Chosen to Jurassic Park. She buys Great Expectations and Jurassic Park for a total of $30. Which of the following MUST be true?
Maintenance expenses for a bridge on the Ohio river are estimated to be $20000 per year for the first 8 years, followed by two separate $100000 expenditures in years 12 and 18. The expected life of the bridge is 30 years. If i=6% per year, what is th..
The demand for a good is more price elastic A. if closer substitutes are available. B. in the short run than in the long run. C. if the share of the good in the average? consumer's budget is smaller. D. if the good is a necessity rather than a luxury..
Assume the United States economy is in a deep recession explain how does this recession affect the US major trading partners such as China, Canada and Japan.
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