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In 1990, the GDP of Canada was $680 Billion dollars, and the exchange rate was that $1 Canadian was worth 85 U.S. cents. In 2000, the GDP of Canada was $1000 billion as measured in Canadian dollars and the exchange rate was that $1 Canadian was worth 69 U.S. cents. By what percentage did the GDP of Canada increase from 1990 to 2000 in Canadian dollars?
Suppose a wage increase from $25 to $27 an hour increases the number of job applicants from 52 to 66. Illustrate what is the price elasticity of labor supply.
The demand curve for cookies is downward sloping. When the price of cookies is 2 dollars, the quantity demanded is 100.If the price rises to 3 dollars, what happens to consumer surplus?
A friend wants your advice. His aunt recently left him $100,000 that he must invest in one or both of two different corporations. The current price per share of each is $100. If your friend buys 1000 shares of the first corporation, what will be the ..
q1. used music cds rise in price from 7 to 8 and total revenue falls from 700 to 640.bull a. is the demand curve over
Adding four or more flights to existing routes, it will have to add two pilots also flight attendants.
The steady-state rate of unemployment is U/L = s/(s+f). Suppose that the unemployment rate does not begin at this level. Show that the unemployment rate will evolve over time and reach this steady state.
Suppose you have a budget of $52 to spend of pretzels and beer. Your utility function is U = 15p + 18b – 0.5p2 – 0.5b2. The price of a small bag of pretzels is $2, and the price of a pint of beer is $4. Does the utility function indicate a relationsh..
Illustrate wage would a monopoly union demand. Explain how many workers would be employed under the union contract.
Illustrate what techniques for changing organizational culture has Google used to form its culture.
Create a table showing total production for the two countries with no trade. Create a table that assumes total specialization. What is the effect on total production? What are the two extreme (relative) prices that are possible for trade in this situ..
Economists oppose limiting economic growth possibilities because such limits would inevitably involve
Consider which stage of Maslow's Hierarchy of Needs you are most likely in that drives a lot of your purchase decisions. Are those purchases consistent with this stage? As noted in the topic, a person could be at different levels in Maslow's Hierarch..
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