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Q. List at least one advantage and one limitation of
Applying International Trade perceptions which simulation and Principles of Economics
International Trade as identified in the simulation.
Categorize 4 key points from the reading assignments that were emphasized in the simulation. Describe absolute and comparative advantage. Explain the influences affecting foreign exchange rates.
Compare the effects of these two policies in terms of their implications for the current account.
illustrate what is the corresponding marginal cost function. at illustrate what o/p is AVC at its minimum.
for each bundle that the consumer chooses, show the indifference curve that goes through that bundle. Make sure to label your graph carefully and accurately.
Democratic Republic of the Congo grows at a healthy 3% per capita, how long will it take Democratic Republic of the Congo to catch up with Luxembourg.
Illustrate what do you conclude about the ability of these indexes to measure changes in real income.
Suppose that the inflation rate in Oct is 8.1%, the inflation rate in Nov is 2.6%, and the inflation rate in Dec is 8.9%. The Price Index was 100 in September. What is the value of hte price index in December?
From the e-Activity, assess how business leaders use managerial economics to make business decisions indicating how profits may be impacted.
If Plonk and Brew operated in a Cournot oligopoly, explain how much output will each of them produce in equilibrium.
Further assume that they are not able to ‘collude' on price and quantity of premium digital channel subscriptions to sell. How much profit will each firm earn when this market reaches Nash equilibrium.
Explain the difference between a person's nominal income and their real income. Why is real income more important to that person.
Calculate and interpret the own price, cross price, and income elasticity of demand.
Currently AIDS is spreading in china and India. Govt. of these nations fail to stop spread of AIDS what are likely consequences for future economic growth in china and India.
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