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Question: Using the following table, answer the questions:
a. What are the assumptions for a given production possibilities curve?
b. What is the opportunity cost of one gun when moving from point B to point C? When moving from point D to point E?
c. Do these combinations demonstrate constant or increasing opportunity costs?
The minimum wage is a price floor in a mar- ket for labor.The government sets a minimum price per hour of labor in certain markets, and no employer is per- mitted to pay a wage lower than that. Go to the Depart- ment of Labor's minimum wage Web pa..
If there is market for an indivisible item in which there is for each of the following numbers exactly one supplier whose cost of producing the item are equal to this number:
6. Flexible exchange rates and foreign macroeconomic policy. Consider an open economy with flexible exchange rates. Let UIP stand for the uncovered interest parity condition.
You have found this information, begin to think like an economist and explain how you feel these levels of both M1 and M2 have affected GDP during the same time period.
What is the history of inflation in the US in the last 10 years, with particular emphasis on the on the great recession and the recovery?
What potential solutions would you suggest to your director that might overcome the demographic shift? Analyze economic theories that are germane to your provision of services and identify one theory that might apply to this specific situation.
Frequent flyer programs are targeted more toward business travellers (who do not pay for their own tickets) than leisure travellers (who do). Explain their effect on each type of traveller. Why is there a difference?
define the different types of unemployment. explain which type of unemployment is most directly related to the economic
a group may be defined as two or more people who interact with each other to accomplish certain goals or meet certain
How does the role of the government affect each market structure's ability to price their products? How does international trade affect each market structure?
Explain why price discrimination may be regarded as being in the best interest of the firm.
Assume two countries, West and East, want to decide whether to abate (control) their pollution or not. For simplicity assume each country have only two strategies, abate or do not abate.
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