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Using the factor endowment theory or the Porter’s model, list 3 sources of comparative advantage for one BRIC country. How would the US fare on each of the sources you selected? China.
In 2012, Peter Pan’s Pizza Pizzeria produced and sold 10,000 pizzas at a price of $8 each. In 2013,Peter Pan’s Pizza Pizzeria produced and sold 12,000 pizzas at a price of $9 each. How much did Peter Pan’s Pizza Pizzeria contribute to nominal GDP (in..
Explain the 3 different cases where utility is maximized when you have perfect substitutes. Include a graph for each. (Hint: consider slopes.)
You are interviewing three people for one sales job. On the basis of your experience, you believe Jane can sell 600 units a day, Tom can sell 450 units a day and Kevin can sell 400 units a day. The daily salary each person is requesting is as follows..
Classify this production function by returns to scale. Comput the firms long-run cost function.
Suppose that the current 1-year Treasury bond yield is .02 and the 2-year Treasury bond yield is .03. Use the expectations theory of how long-term interest rates are determined to ascertain what investors expect the yield to maturity to be for a 1-ye..
Which of the following raise the incentive for households to save?
What are the government's fiscal policy options for ending a severe recession? What are the short term and long term consequences of using fiscal policy for ending a server recession? What are the Monetary policy tools the Federal Reserve Board uses...
What microenvironment factors have affected Sony’s performance since 2000? What macro environmental factors have affected Sony’s performance during that period? What stands in the way of Sony’s success today?
A relatively small but steady economic growth rate can create a large change in economic prosperity in a fairly short period of time due to a phenomenon known as (Click to select) inflation expansion interest compounding. Using the rule of 70, if a p..
1. Less-developed nations sometimes argue that the industrialized nations' tariff structures discourage the less-developed nations from undergoing industrialization. How? Distinguish between consumer surplus and producer surplus. How do these concept..
Anation's consumption function (expressed in millions of inflation- adjusted dollars)is: C=200+.80*DI. what is value of autonomous saving.
Depreciation taken in the third year if the machine is also sold during the third year.
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