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Suppose that in a day a worker in the United States can produce 10 bushels of corn or 2 shirts. In Russia a worker can produce 9 bushels of corn or 3 shirts in one day. Which of the following would benefit both the United States and Russia if trade occurred? Show work.
Could not Ethiopia become a world class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the tw..
Illustrate what is the firm's profit maximizing output level. Is the industry in long-run equilibrium.
Describe a situation that would call for applying one or more of any (dynamic economic model/legit model/random walk model/spurious regression/co integrated time series/tests of stationary). Explain your rationale for applying the model you chose.
Treasury bonds with the same maturity are yielding 4.7% per year, and the real risk-free rate (r*) is 2.05%. The average inflation premium is 2.25%, and the maturity risk premium is estimated to be 0.1(t - 1)%, where t = number of years to maturity. ..
Clarify why might the Homo sapiens production possibilities curve have shifted outward to right much more rapidly than persons of Neanderthals.
Why is market demand the result of summing individual demand curves horizontally as oposed to summing them vertically?
Let’s say that the economy has recovered and the Wall Street is less volatile. Now you feel bold enough to invest 11,239 dollars in stock. You are looking for a growth stock whose value is projected to be 26,219 after 8 years and so you select Veeco ..
For the following question, assume Food is graphed on the vertical axis and Clothing is graphed on the horizontal axis. Suppose Ann's marginal rate of substitution between Food and Clothing is -3. Also, Bill's marginal rate of substitution between Fo..
Why you think that Microsoft's current share of sales in the personal computer operating systems market is (or is not) large enough for Microsoft to set prices for operating system software as a monopolist?
Each year, extra cleaning staff were employed by a hotel on a temporary basis during the busy holiday period. They were not employed when the hotel was not busy. What type of unemployment occurred when the hotel was not busy?
q. suppose that a ton of steel currently sells for 2000in united states and for euro2000 in germany. the exchange rate
A micro economist might study which of the following?
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