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Purchasing power parity conversion factor is a common phrase in the international economics. What is the meaning of this phrase?
Explain the science of economics in the presence of making a profit with scarce resources
question read the following article and answer the questions at the end.predictions of post-gfc gloom were premature by
Two companies produce the same product. The firm's each determine their own output and the combined output of the two is sold at the market price.
Assume the US increases tariff on automobiles imported from Germany and other foreign nations. Determine the effect of this tariff-rate increase on
Let B1(hat) and B2(hat) denote the estimated regression coefficients from a sample of size n for y = x1B1 + x2B2 + u. Show that b1 = B1(hat) + (X1TX1)-1X1TX2B2(hat) where b1 is the coefficient estimate from the regression of y on X1.
The high employment deficit is estimated at $100 billion. Suppose that the ecomony is operating below full employment and that it will not overheat during year,
Describe pricing strategy to meet organizational goals.
The unemployment rate is a deceptive indicator of the current and future state of the economy. How does the timing of lay off and hiring decisions made by companies describe the misleading characteristic of this indicator?
It is mandetary that a rational customer will not purchase any units of the product represented by these data.
Identify the parts of the model that correspond to both the flow of goods
1. Given this information, is the government of this economy running a balanced budget, a budget surplus, or a budget deficit? Explain your answer. 2. Given this information, describe this country's trade balance. Explain your answer.
You have the following information concerning the production of wheat and cloth in the United States and the United Kingdom:
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