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1. What are the five factors that influence comparative advantage?
2. How can the government use different fiscal policies to [a] lower unemployment and [b] reduce inflation?
3. Some economists believe that creeping inflation cannot be accepted because a gradual increase in prices leads to an ever-rising rate of inflation. Other economists argue that in order to achieve economic growth, some moderate price increases are necessary. Contrast and evaluate these two points of view.
4. Use the concepts of gross investment and net investment to distinguish between an economy that has a rising stock of capital and one that has a falling stock of capital. Explain: “Though net investment can be positive, negative, or zero, it is impossible for gross investment to be less than zero.”
Explain what it would mean for you to move upward and to the left along your personal PPF. What kinds of adjustments would you have to make in your life to make such a movement along the frontier?
Suppose a monopolist manufacturer sells his products through a monopolist retailer. The marginal cost of production is c = 5. Assume that retail demand is Q(p,s) = s(10-p)100, where s is retailer's level of effort to sell the product. The cost..
Perform an internet search to find more information. a) Structural-functional analysis: the importance of culture; b) Symbolic-interaction analysis: the personal meaning of race; and, c) Social-conflict analysis: the structure of inequality.
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
3. assume a monopolist who sells a product with a total cost function c -100q 15q2. the market demand is given by the
how does each shrimp producer react to the increase in price? A. Each producer decreases its production of shrimp. B. Each producer increases its production of shrimp.
Industry-land was so named because it is highly industrialized. It is a world leader in production of manufactured goods. If industry-land put all its productive efforts into manufactured goods, it could produce 1,000 units per year. Draw a produc..
q.listing different orderings and coalitions is not going to work for this problem because there are too many
Briefly explain the difference between economic forecasting and business forecasting. What is the best economic tool to help the leaders to see future better than others economically 6 to 9 months before the cycles of the business cycles of the US ec..
buy the five-foot strip of land from their neighbor only if the price is less than illustrate what Moe and Larry have already spent on the foundation.
Each month, aztec spends exactly $2 million on advertising. Illustrate what is aztec's elasticity of demand for advertising. Can you write the equation for Aztec's demand for advertising.
Explain how to encourage people to spend more to increase aggregate demand and create employment possibilities.
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