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Can anyone recommend a resource for very long term trade data? (1500-2014). I have looked and found bits and pieces here and there but haven't come across any single data-set covering all of it. I am thinking of mashing my own together but I really do expect it to have been done already.
Equilibrium in the market occurs at a price of $2,500 and a quantity of 10,000. Draw the demand curve that must exist if consumers bear the entire burden of a $500-per-TV tax imposed on this market
Suppose the residents of Toadhop live on the Quabache River which is a river prone to flooding. Suppose there are 1000 (type A) people who value flood control more than 1000 (type B) people. If the citizens of Toadhop do not work together, what is th..
When economists attempt to predict the spending patterns of U.S. households, they will typically view the ____________ as a primary determining factor that influences the individual consumption choices that each will make. Which of the following fall..
Sketch a diagram that illustrates what happened to the Bridgewaters' budget constraint. Could they have been made worse off by the change.
Dan Demaar and Rob Runten are working on a class assignment on economic growth. Dan collects the GDP growth data for the country Fanez, which is located in the Middle East. The growth rate of the population in Fanez has consistently exceeded the real..
Which of the following types of economic regulation is most likely to encourage firms to engage in cost cutting? In monopolistic competition, firms compete on the basis of. Which of the following statements is FALSE concerning monopolistic competiti..
Suppose that a person always consumes 3 scoops of ice cream with 1 ice cream cone. Show such preferences in an indifference curve mapping with ice cream cones on the x-axis.
One of the conclusions from Akerlof's paper titled "The Market for Lemons" was:
The Lumins Lamp Company, a producer of old-style oil lamps, estimated the following demand function for its product: Specify the marginal revenue function. Write an equation for the total cost (TC) function in terms of Q. Specify the marginal cost fu..
Illustrate what would be the opportunity cost of x had the economy efficiently produced 10 units of y? Can the economy efficiently produce these quantities.
Julie spends all of her $60,000 salary on vacationing and remodeling projects. Her typical vacation costs $2,000 and the remodeling projects cost $4,000 each. What two conditions must be met for Julie to be maximizing her utility? solve the condition..
Suppose a firm sells a good in 2 markets, each market is characterized by their own respective demand curve. Calculate the profit maximizing outputs and prices in each market assuming the firm can price discriminate. Calculate the own price elasticit..
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