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There are 15 million people living in Marketstan, of whom 9 million are working and 1 million are actively looking for work. What is Marketstan's unemployment rate?6.7%1%10%11.1%
economic growth is a major issue in the current presidential election. the romney campaign argues that tax cuts for
If a scale economy is the dominant technological factor defining or establishing comparative advantage, then the underlying or establishing comparative advantage, then the underlying facts explaining why a particular country dominates.
Outline the extent to that you expect regional economic integration to occur in Europe, Asia.
If foreigorn exchange speculators become more optimistic about the long-run real value of the domestic currency, domestic investment will rise. (Give full explainations for this statement)
Explain how do you solve for a, b, c, e in the equations: Qd = a-bW and Qs = c+eW when you know the equilibrium wage (or price) is $4, there are 100,000 people employed, Elasticity of demand is equal to -0.4 and Elasticity of supply is equal to 0...
Soft selling occurs when a buyer is skeptical of the quality or usefulness of a product or service.Instead of asking for a price, offer to give them the product in exchange for 50% of their cost savings.
Tom have only $60, and he want to spend it all on clothing (X) and food (Y), Price of clothing is $4. Find out the optimal values of both goods (Y*,X*) and Utility?
1. using the following fixed basket of goods basket 6 pizzas 12
In 2008, AIG was at risk of declaring bankruptcy and defaulting on its debt. As a result, the U.S. government stepped in and provided funding for AIG, essentially insuring creditors that they would recieve their debt payments. After the government..
Elucidate why the US would subsidize the short run costs of production for tobacco farmers in foreign countries.
According to the Heckscher-Ohlin theorem, is Russia capital abundant or labor abundant? Briefly explain. What is the impact of opening trade on the real wage in Russia? Briefly explain.
A profit maximizing firm produces three products X, Y and Z. The firm has no costs. There are three customers 1, 2 and 3. What will be the price of each product if the firm decides to sell them separately?
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