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Country A can make a cake in 20 minutes and a shirt in 30 minutes. B can make a cake in 30 minutes and a shirt in 40 minutes. Draw the PPFs for A and B when they work for 4 hours. What if the OC of shirt for A? What is the OC of shirt for B? What is the OC of cake for B? Who will export shirts? Why?
Suppose a particular labour market were in market-clearing equilibrium. What could happen to cause equilibrium wage to fall. If all money wages rose with inflation each year, how would real wages in this market adjust.
Has dollar appreciated or depreciated against the yen. Illustrate what was the least amount in dollars that your box lunch cost.
Elucidate how events such as the World Trade Center and Pentagon attacks described in the case study affect the aggregate demand curve.
Select the most serious disadvantage of globalization (in your opinion) and make at least one recommendation
Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run.
Now suppose your utility functioin is U= (square root)Wealth. What is the maximum you will pay for the bike check-in now.
A study noted that they charged a price for local telephone services that was roughly one-half of its cost of providing the services.
Briefly elucidate how three aspects of the demographic transition model account for europes tranfomation into a destination region for migrants from north africa between 1960 and 2000.
Convert the production function into its normal form. Illustrate what is the MRTS, if price of labour is $120 and the price of capital is $200?
Illustrate what is the efficient price of water. Illustrate what are the quantities of water allocated to agricultural also industrial use
Adjust the benefit or cost curve or both to illustrate the private also social benefits also costs in the market for electricity.
What is the balance due on the original mortgage if 20 payments have been made in the last 5 years?
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