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Canada, the US and Mexico are clearly separate countries. Does this information alone imply a lower standard of living in each of three nations compared to the condition where they are united into a single new country?
Suppose which major function of profit is to allocate resources according to consumer preferences
Assume the rural wage is $1 per day. Urban modern sector employment can be obtained.
What would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision.
Utilizing the company Bausch & Lomb, list at least four conditions that would change the Production Possibility Curve.
Explain who are the winners, who are the loosers, we can better evaluate the net impact, if any, on the overall economy.
The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.
Illustrate what policy actions have the Federal Reserve taken to confirm that direction.
Elucidate the bumper harvest increase or decrease the total revenue of American wheat farmers. How could you have predicted this from your answer to part a.
What would be the effects on employment and unemployment given the actions taken by the Fed.
The world major central banks, including the U.S. Federal Reserve, European Central Bank, Bank of England and Bank of Japan, conducted a joint policy action on 11/30/11 inject liquidity into global financial markets.
Suppose a firm must pay an annual tax, which is a fixed sum, independent of whether it produces any output-How does this tax affect the firm's fixed, marginal, and average costs?
In October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4%.
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