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Suppose in the United States, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. In the United Kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. The United States has 30 workers and the United Kingdom has 20 workers.
1. Suppose the international relative price of a ton of steel is 2.5. Draw the world price line.
2. Show that the United States is better off under trade compared to Autarky with the aid of indifference curves.
3. Show the amount the United States will export and import.
How much does the airport need to set aside now to pay for these costs, if the company can earn 10% per year, compounded every 4 months?
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When a government or corporation sells bonds to raise money, it can do so in one of two ways. It can target a certain amount to raise or it can target a certain amount to pay back at the end of the bond (this is simplified for the purpose of the prob..
If GDP is increasing by 3% every year Explain how long will it take GDP to double. Given the same conditions above, Explain how long will it take Every Capita GDP to double if the population grows at 2%.
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Illustrate what would the benefits of each action be (besides emissions reduction). Illustrate what would the costs of each action be.
Explain why she should buy more lipstick or more eye shadow. Elucidate how your calculations also then elucidate your answer.
Loadstar Sensors is a company that makes load force sensors based on capacitive sensing technology. The company wants to have $47 million for a plant expansion 6 years from now.
What are some of the ways a seller of goods might reassure a possible buyer who is faced with imperfect information? What are some of the ways that someone looking for a loan might reassure a bank that is faced with imperfect information about whethe..
critically estimate the theory and empirical evidence on the optimality criterion for choosing an exchange rate regime.
Write down the budget constraints when young also when old also the lifetime budget constraint for both types of consumers.
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