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Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that Foreign also has four workers.
a. Graph the production possibilities frontier for the Foreign country.
b. What is the no-trade relative price of cars in Foreign?
Are the dual goals of economic development and the reduction of population pressure on the envrionment compatible or conflicting objectives?
If the company wants to make a profit of $200 above the expected cots, what should be the price of the policy?
Do these countries experience diminishing returns to physical capital per workee. And technology are held fixed in each country, can you recommend a policy to generate a doubling of real GDP per capita in Albernia. Amount of human capital per work..
Describe three problems of decentralization that occurred under the Articles of Confederation. For each problem you list, identify one solution that the Constitution provides to address the problem.
By choosing to right of mid point but to left of republican agenda democrats would get more than half of votes and win What happens if democrats have a fairly socialist party agenda and locate to left of midpoint.
The dollar that the United States pays to import chinese goods are left in banks in china. Will this strategy raise or lower the standard of living in the United states?Briefly explain. be sure to provide a definition of "standard of living " in your..
Johnny has allocated $30 toward coffee and tea and feels that coffee and tea are perfect substitutes. Due to differences in caffeine levels, his MRS of tea for coffee equals 2.
Explain the statement that "an individual bank has little ability to expand the money supply unless all the other banks expand in step". Does that simply because a conduct of one single bank cannot change the aggregate money supply?
How would each company determine the location of their facilities? List the specific needs and requirements of each company when determining location.
Explain how meeting-competition clauses may serve as an enforcement mechanism for price-fixing agreements of cartels.
Elucidate what happened to Ikonomia's net foreign assets during 2007. Did it acquire or lose foreign assets during the year.
Which of following statements is true of a monopoly firm. Drug companies are engaging in price discrimination, but this might improve global social welfare if it gives more people access to drugs
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