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1. What are Amazon’s firm-specific resources and capabilities in the United States and Japan?
2. What institutional barriers prevented Amazon from flexing its muscle in Japan initially?
Suppose the governments of two different economies, economy J and economy K, implement a permanent tax cut of the same size. The marginal propensity to consume (MPC) in economy J is 0.85 and the MPC in economy K is 0.8. The economies are identical in..
What services do you predict Bangalore India exports and what services do you predict it imports.
What are the functions of money? What is the difference between fiat money and commodity money? What are the two responsibilities of the Federal Reserve? Please explain how the three traditional tools of monetary policy work in terms of expansionary..
wages decrease by 15%. by what % do the new wages increase or decrease. 3. divide 3420 into two parts such that one part is 28% more.
Elucidate how do you find the angle of the ray the isoquants are on. One more unit of capital does the firm no good. Draw the isoquants for this production function.
Suppose that one must divide $1,000 among 100 students. Which divisions are efficient?
Describe aggregate supply from a classical economist’s perspective. P(t) = US$2 per coconut; E(t) = MX$1 per US$; P ROW(t) = MX$3 per coconut. a. What is the real exchange rate? b. Does purchasing power parity hold? Give three reasons why the purcha..
A key determinant of the price elasticity of supply is the:
Explain how a decrease in a tax rate might decrease revenue from the tax in the short run but increase the tax revenue in the long run. Give an example of a tax that might have this property. Explain.
Consider an agricultural subsidy provided by the US government. Consider also that milk is one of the products subsidized. If there is NO trade with the rest of the world, the domestic price of milk in the US would be $2.25 per gallon and the equilib..
illustrate why lower taxes in the current period but higher taxes in the future may make some consumers better off.
Discussion question: Most airline economists believe that airline labor, especially pilots, have traditionally been overpaid relative to comparable positions in other industries. How and why have airlines reduced labor’s compensation and how have lab..
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