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What are comparable real salaries? A job paid $57,000 in 2002. The CPI in 1960 was 29.6, compared to 179.9 in 2002. In 1960, what salary would be comparable to 2002's $57,000 in real terms? $_ (enter your response rounded to two decimal places.)
Discuss the implications of low-skilled worker immigration into the UK for UK wages, trade and output within the framework of the Heckscher Ohlin model.
What other macroeconomic change might bring about a currency depreciation coupled with a deterioration of the current account, even if there is no J-curve?
Economic decisions including what goods and services to produce (supply), how resources are allocated and regulated and how profits are distributed are made and implemented by the government.
Long-run discectomies of scale over the range of output for which the long-run average cost curve is?Which of the following is always true? The law of diminishing marginal returns explains the general shape of the firms?
Explain how do they impact the domestic economies of nations. How do they affect individual business decisions.
Identify at least four policies from the textbook that the government has created to impact economic growth and productivity.
In perfectly competitive market a company typically has short run average total cost curve and marginal cost curve of;
Why might the rate at which the Aggregate Supply curve shifts vertically upward increase when an economy produces beyond full employment.
Suppose we want to compare the effect of a tax cut in the economy given in the first problem to the effect of the same size tax cut on an economy with a MPC of 0.8. If everything else about these two economies is the same (except for their MPCs),..
estimating the demand for money and plotting a demand curve for that estimation based on the equation
The Bertrand and Cournot oligopoly models differ with regard to whether they compete on price of quantity. The profits from each strategy are significantly different. Why?
If we assume most of the crime results from drug addicts stealing to buy drugs, what would happen to the amount of drug use and the amount of theft if we increased education programs to inform potential drug users about the dangers of drugs
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