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Assume Ireland can produce 4 units of good X or 2 units of good Y. France can produce 3 units of good X or 9 units of good Y. What would be the terms of trade between Ireland and France for 1 unit of good X?
Suppose foreigners spend $7 billion on U.S exports in a specific year and Americans spend $5 billion on imports from abroad in the same year, what is the amount of the United States net exports?
What is value added in every sector also what is total output for the economy.
Prove that if Wi* = \(\lambda1+\lambda2Wi\) then the new intercept b1* = \(\lambda1+\lambda2b1\) where b1 is the intercept of the original regression of W on H. Explain how the standard error of the slope coefficient in (h) is..
Illustrate fiscal policies also monetary policies which would be appropriate at this time.
Is the compensation scheme at your present place of employment consistent with a reasonable solution to the agent principal problem?
How is MRP computed - Using the data presented, in the short run, how many workers would you recommend Sullivan's hire per day to maximize profits - how many workers would you recommend Sullivan's hire per day to maximize profits?
If you were going to invest money, given today's financial market status, where would you invest your money today? What would generate the highest return? What would be the safest investment?
Are there any examples which you can think of where you, personally, would not experience diminishing marginal utility.
Suppose the marginal costs of reading are consatnt and the marginal benefits of reading decline(over time). Initially, the marginal benefits of reading are greater than the marginal costs. draw the marginal benefit curve and marginal cost cuve of ..
suppose that the federal reserve strictly follows a rule of keeping the interest rate at 3 per year. initially this
Early Classical economists found following diamond or water paradox perplexing: Why is water, which is so useful and so necessary, so cheap.
If the government imposes a quantity tax on the consumption of a good, it means that the consumer has to pay for each unit of the good its price plus the tax.
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