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Q1. Explain how it is possible for one of two people in a two-good economy to have an absolute advantage in producing both goods, but trade can still benefit both people.
Q2. Explain the various factors that weigh down consumer confidence in 2008
Q3. The government reduces the size of its deficit to zero.At any given interest rate, consumers decide to save more. Assume the budget balance is zero at any given interest rate; businesses become very optimistic about the future profitability of investment spending. Assume the budget balance is zero.
Find the equilibrium price and quantity after the shift of the demand curve.
Should Roscoe's Rascals match the price offered by the competitor.
Why the short-run demand for gasoline is less elastic than the long-run demand, when the price of gasoline rises, people immediately cut back on unnecessary trips.
Contrast two or three key economic factors for this country with the U.S. economy, and comment.
At his current consumption basket, his marginal utility for hot dogs is 5 and his marginal utility for sodas is 3.
How do the buyer's returns compare with the method of payment, and how do they compare with single versus multiple bidders.
Suppose the entire civilian labor force is 20,000 people and the number of unemployed is 2,000 people.
Does a persistent balance of payment deficits result in a pressure to devaluate the currency.
Suppose that the supply curve of healthcare services is perfectly inelastic. Analyze the impact of an increase in consumer.
Can the researcher say with a 0.05 level of significance that the proportion of children not completing primary school is more than 1%.
A machine used to cereal boxes dispenses, on the average, ounces per box. What is the largest value.
The average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
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