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Problem
1. Indicate the equilibrium production and consumption point in autarky, using a PPF and a community indifference curve under increasing-opportunity-cost conditions. Why is this an equilibrium? What must occur for this country to gain from trade?
2. Assume that a country produces and consumes two goods, cloth and machines, and is in equilibrium in autarky. It now finds that it can trade at international prices where (Pcloth / Pmachines) on the world market is greater than (Pcloth / Pmachines) in the domestic market. Should it trade? If so, what commodity should it export? Why? Will it gain from trade? How do you know?
Elucidate how will this change affect international business. What other industries might be affected by similar technological advancements.
Someone advocates using fiscal policy to stimulate the economy and reduce unemployment.might this person advocate to implement the fiscal policy. increase federal spending, reduce tax rates or else.
The government will tax good for many reasons, resulting in a fall in equilibrium quality while the prices increase. Could someone explain how price controls and taxes have influenced your purchasing choices.
Let the exchange rate be defined as the number of dollars per Japanese yen. Assume there is an increase in U.S. interest rates relative to that of Japan. Would this event cause the demand for the dollar to increase or decrease relative to the deman..
Requirements and Policies of the Secure Wireless Network: State the requirements and general security policies that will drive your design of a secure wireless network at the SOHO. It should be about 5-10 sentences or bullet points.
In the Great Recession of the late 2000s, roughly how many percentage points did the unemployment rate of black men rise?
We continually hear about interest groups in the news. Understanding this, what is the relationship between interest groups and government? How does this apply to government-created interest groups? In addition, what are the effects of bureaucrats..
part of the normal process of economic growth and development; the unemployment is part of the natural rate and need not concern policy workers. Discuss that statement and its relevance to the economy today.
The items we focused on were real GDP, the inflation rate, and the money stock. In an essay, describe: a. how these errors arise in each of these series, b. what are the likely magnitudes of the errors, and c.
Identifying Factors that affect Demand and Production Forecasts - Macroeconomic variables that might impact demand and/or supply in the industry
question 1consider there are two firms with one demand function. this same common demand function is q 1000 - 40p with
Assume the following demand and supply equations: Qd = 1000 - 40P, and Qs = 400 + 20P. Calculate the intercepts and the slopes of the two curves.
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