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Why do countries trade with each other? What would happen if countries curtailed or stopped trading? Read an article about the current fight over the TPP free trade pact that is before Congress.
explain why a $100 billion increase in govermant purchases of goods and services will lead to a large increase in aggregate deamnd than a $100 billion decrease in taxes?
In 1975, President Ford proposed a $28,000 cut in government spending and a $28,000 tax cut, what is the result of the two actions on the economy? Show your work, use the MPC of .80. Hint: notice that the numbers are the same -$28,000.
If the quantity of steel workers demanded falls from 30,000 to 20,000 when the equilibrium wage increases from $9.00 per hour to $11.00 per hour, then the own-wage elasticity of demand for these workers is/
Illustrate what is happening to the U.S. exchange rate when the U.S. nominal exchange rate is unchanged, but prices rise faster abroad in the United States than abroad.
What factor(s) in demographic segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the indu..
Assume that consumers are uniformly distributed along a one-mile stretch of beach. A number of ice cream vendors are pondering where to position their carts. If the price they are allowed to charge is fixed by the Equal Access to Coolness For All Coa..
The automaker bmw, whose corporate headquarters is in germany, makes its x-series sport utility vehicles in south carolina, and sells many of them to china. who is outsourcing what to whom? explain.
Do you believe that The Affordable Care Act (Obamacare) should be repealed? If not, how can it be improved? If you do believe it should be repealed, how would you replace it?
What happens to Bond prices, quantities and interest rates if (Make sure to include the supply and demand graph for bonds for each question :
Suppose there are two consumers, A and B. The utility functions of each consumer are given by: UA(X,Y) = X+2Y UB(X,Y) = X*Y The initial endowments are: A: X = 2; Y = 8 B: X = 2; Y = 8 a) Using an Edgeworth Box, graph the initial allocation and draw t..
Consider a firm where production depends on two inputs—labor and capital. The firm starts using a production process that causes it to use much less labor as a fraction of its costs. How do you predict that this change will affect the firm’s elastici..
If the world had no borders, where would production happen? In the place where it could be done at lowest opportunity cost, benefiting us all? Why do the addition of artificial political borders change this self-evident distribution of production. Wh..
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