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Suppose Big country can produce 80 units of X by using all its resources to produce X or 60 units of Y devoting all its resources to Y. Comparable figures for small Nation are 60 units of X and 60 units of Y. Assuming constant costs, in which product should each nation specialize?
Explain why. What are the the limits of the terms of trade between these two countries? How would rising cost (rather than constant costs) affect the extent of specialization and trade between these two countries?
Environmental education activities seek to change consumers' behavior to be more environmentally friendly , even when price and income are constant.What in this model of consumer demand are the environmental educators trying to change
The appropriate techniques to determine if there is evidence of global warming, and if so, is CO2 the cause of it?
Provide the cyclical nature of government tax revenues and spending, how would the resulting budget deficit or surplus vary over the business cycle.
What is the point estimate of the population proportion? b. What is the point estimate of the population variance? c. Write a 95% confidence interval for the population proportion (? = .05).d. Will the bond proposal be approved with a 95% confidence?..
Most nation are interdependent where trade is concern. We all depend on each other. Should America aim to be self sufficient in the production of goods and services, rather than depending on other countries for trade.
Compute the PV of Mr. Deco's payment using the equivalent real cash flow and real discount rate.
Is it possible for the gross federal debt to rise in dollar terms but decline as a percentage of GDP? Explain your answer.
Illustrate what is the cost of the same basket of goods and services in 2005.
For a developing country to increase, it needs capital. The major source of capital in most nations is domestic saving, but the target of stimulating domestic saving usually is in conflict with the government policies targeted at decreasing inequalit..
In response to pressure from environmentalists the government now tightens the maximum damage standard to 4 units. How much fertilizer will farmers use now? What will their profit be? What is the net societal benefit? What is the value of ??
What are the equilibrium real wage rate, the quantity of labour employed in 2010, labour productivity and potential GDP in 2010?
With respect to malpractice, would community rating of physicians or individual rating of physicians be more likely to generate efficient behavior on the part of physicians What is the impact of the number of physicians in the plan
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