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1. What about your daily life ?- Where and how does Comparative advantage come into play in your life?
2. What do you think about comparative advantage?
3. Whats mean :Exchange rate, Fixed Exchange rate, Floating Exchange Rate?
How is the Patient and Affordable Care Act of 2010 (the "Health Care Reform Act") likely to reshape financial arrangements between hospitals, physicians, and other providers if Medicare makes a single payment for all care received by a beneficiary..
Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 9 percent. Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion i..
Predict what will happen to interest rates on a corporation's bonds if the federal government guarantees today that it will pay creditors if the corporation goes bankrupt in the future.
Discuss the political values central to "liberal democracy." In your judgment, which elements stand out as most important? Why? Has the constitutional principle of limited government been lost? Why or why not?
Suppose you have been hired as an economic consultant to increase your client's sales revenue, and you discover that your client's customers are price inelastic. What suggestions do you have for your client in regard to using changes in your client's..
What type of jurisdiction did the federal courts have in this case? Was it a federal question case or a diversity of citizenship case? Why?
Assume that the economy is at full employment, interest rate is 4%, and money supply is $1,000. Suppose economy is experiencing a sudden rise in crude oil prices. A. Use the AS/AD model to show the impact of this event on equilibrium GDP and equilibr..
Evaluate: "The fact that some airplanes collide is evidence there is 'too little air traffic control'." (Be sure to explain what too little might mean.)
In particular, the number of workers is rising slowly, while the number of retirees is rising quickly. Concerned about the future of Social Security, some members of Congress propose a "freeze" on the program.
Draw a clearly labeled dynamic AS-AD diagram that shows the long-run equilibrium point, as well as the economy's current growth rate of real GDP, inflation, and expected inflation. Label this point E0. Be sure to include both the short-run and lon..
nbsp1 if there are 150 million people in the labor force and 10 million of them do not have jobs but have looked for
Assume there are 2 goods in the work: apple and raspberry. Say that geoffrey has a utility function for these goods, where r= quantity of raspberry, a =quantity of apple. U = 4r + 3a what is the marginal rate of substitution between the raspberry
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