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Suppose there are two goods, good C and good D. the cross-price elasticity of demand for these two goods is equal to - 0.8.
a. What is the relationship between good C and good D? Explain your answer.
b. Given that the cross price elasticity of demand is positive and you as a shop owner would like to sell more units of one of these goods. What do you hope will happen to the price of the other good? Explain your answer
Which economic system is best suited for handling a crisis of epic proportions (hurricane, flood, blizzard, forest fire, etc.)? Why? Describe and explain why a socialist system might be
Use the expenditure function calculated in part (b) to compute the compensated demand functions for goods x and y. Describe how the compensated demand curves for x and y are shifted by changes in income or by changes in the price of the other good.
What is the relationship between the shape of the position of indifference curves on the budget line and the preference?
If your worker stated that they would match your contributions up to 50 percent, and how much would you contribute.
Describe what type of foreign investments would be best for the economy's PPF. What are the opportunity costs of these decisions.
Determine the top 5-exports and imports from Japan and what is the computation of last month's United States trade surplus, deficit, or balance with Japan?
Analyze the specific actions that the leadership of the selected country has taken, through the use of its foreign aid from donor nations and international lending institutions, to relieve the severe problems caused by warfare.
In which direction would international investment flow in response to these real interest rates. Illustrate what impact would these investment flows have on the dollar exchange value.
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Identify each of the following events as: (use a, b, or c to answer the question) a) part of an expansionary fiscal policy b) part of a contractionary fiscal policy c) or not part of fiscal policy i. The corporate income tax rate is increased.
State your main research question (don't worry if your topic or question changes during the semester). What relationships are you trying to uncover?
economic growththe government uses policies like student loans and free trade to influence the economys growth rate. in
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