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In recent years there have been reports that a group of six Gulf countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates) were considering the introduction of a single currency. Currently, these countries use currencies that are effectively pegged to the U.S. dollar. These countries rely heavily on oil exports to the rest of the world, and political leaders in these countries are concerned about diversifying trade. Based on this information, discuss the OCA criteria for this group of countries. What are the greatest potential benefits? What are the potential costs?
A firm’s labor demand and labor supply equations are shown below. The equilibrium wage is $? and the equilibrium quantity of labor employed is ? people.
This discussion assignment engages you with inter-active critical thinking on the subject of developing a comprehensive mission statement and its effectiveness in achieving organizational success
In an oligopolistic market, firms pay close attention to the strategies of their rivals. In monopolistic competition, with a large number of sellers, it is assumed that there is not this kind of rivalry, or interdependence. Why is there probably some..
Assume that the Fed decided engages in an open market purchase of $100 million dollars. If the required reserve ratio is 10%, and if banks hold an additional 2% of their assets in bonds, calculate the total change in the money supply.
q. assume always there wireless serves 100 high-high demand as well as wireless consumers each of whose monthly demand
Elucidate reason for both wage and cost rigidities including policy implications for se rigidities. Would you conclude on se reasons suggested by New Keynesian economists as relevant to unemployment situation in South Africa.
Calculate the standard deviation of annual sales. Calculate the coefficient of variation of annual sales.
Suppose that the inverse market demand for pumpkins is given by P=$10-0.05Q. Pumpkins can be grown by anybody at a constant marginal cost of $1. If there are lots of pumpkin growers in town so that the pumpkin industry is competitive, how many pumpki..
ABC Inc., sponsors the "Pioneer Trial Ultramarathon," with an advertised first price of $10,000. The rules require the competitors to run 100 miles from the floor of Blackwater Canyon to the top of the Pinnacle Mountain. The rules also provide that A..
how many standard errors it is away from zero. If it is not very far from zero n we might ignore it; if it is far away from zero n we might consider it important. But how far is ‘far'.
Suppose there is unexpected frost weather in the sunflower area and government decided to purchase some sunflower. How will the new supply-demand graph for sunflower look like? What will happen to the price and the quantity sold?
In pure competition-marginal revenue
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