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Suppose that on the basis of a nation's production curve, an economy must sacrifice 10,000 pizzas domestically to get the 1 additional industrial robot it desires but that it can get the robot from another country in exchange for 9,000 pizzas. Relate this information to the following statement: "Through international specialization and trade, a nation can reduce its opportunity cost of obtaining goods and thus 'move outside its production possibilities curve.'"
2.The demand for a luxury good whose purchase would exhaust a big portion of one's income is: a.perfectly price inelastic b.perfectly price elastic c.relatively price inelastic d. relatively price elastic
in class we covered the concepts of producers and consumers surplus.a. with respect to different government policies
What is the government expenditure on this subsidy?What is the deadweight loss as a result of this subsidy?
assume you are the manager of abba cable company which provides commercial communication services to the town of canyon
given the following information about the market for gasoline quantities in millionsprice per gallonquantity
• Identify an industry that the Internet has transformed or destroyed. • Then think of a new industry that the Internet has created. • What are the reasons behind the changes
in november 2011 the us immigration and customs enforcement agency seized 150 web sites accused of selling counterfeit
congress must be happy with your findings. you are sitting at your desk starring at your very first bonus. your bonus
Select a United States company with global operations. Discuss the company's activities outside the United States and Discuss the impact of globalization
Externalities are third party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a third party.
after her great success making pies with johnny depp in sweeney todd your friend helen b. carter has opened a
Suppose the person lives for two periods, U = u(c1) + bu(c2), and can acquire an asset at price q, with c1 = w1 – qa and c2 = (d + q*)a + w2, where d = dividend and q* = selling price.
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