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Review and reflect on the knowledge you have gained from this course. Based on your review and reflection, write at least 3 paragraphs on the following:
Consider a country that is in autarky. X is the labour intensive good and Y is the capital intensive good. Draw a hypothetical production possibilities frontier (PPF). Suppose the country experiences immigration. Show the effect of more labour ..
1.what economic problem is the nation facing?2.what would be the goals of your fiscal policy?3.what exact fiscal policy
The Business Cycle is the short-term fluctuations in the economy relative to the long-term trend in output; the recurring and fluctuating levels of the GDP growth rate over time.
To prevent gasoline values from having devastating effects on economy it has been proposed that all gasoline values in U.S. be fixed at the average value for the past 2-years.
Suppose you have the following demand function for the good x: x* = 80(py/px) - 0.5I. Are goods x and y complements or substitutes? How do you know?. Does good x demand satisfy the first law of demand? Why or why not?
1. the owner of a small car-rental service is trying to decide on the appropriate numbers of vehicles and mechanics to
assume an economy has a production function ofy ak.35l.65nbspnbsp withnbsp a 1 k 100 and l 40.nbsp there is no
Normal 0 false false false EN-US X-NONE X-NONE Suppose that before the dro..
A machine has a current salvage value of $10,000, which will drop by $2,000 per year. The maintenance costs will be $1,250 per year. What is the marginal cost to extend the service for 1 year, at 8%?
a describle the notion of balance of trade accounting?b describe the following current accounts merchandise trade
Explain why government regulation is needed in in the Apple ipad industry stating the major reasons why government involvement in a market economy.
assume that a profit maximizing monopolist faces an inverse demand function give by p. where py0 and a total cost
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