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Description of Comparative and absolute advantage
I need help figuring out the following problem.
Daily output:
Israel can produce 100 computers or 50 tanks
Canada can produce 40 computers or 15 tanks
Which country has the absolute advantage in the production of tanks? Why is it this country? Which country has the comparative advantage in the production of computers? How did you determine your answer?
Be sure you fully discuss the economic condition stated in this problem from a theoretical and practical viewpoint. Fully support your statement with references.
Write a brief explanation of each of the following terms. import tariff, effective rate of protection
Decrease demand will send the price down again. It is uncertain, therefore, that the tax will really raise the price.
The macroeconomic environment discussing the effectiveness of the monetary stragies in the US.
Who has the responsibility to decrease or eliminate unemployment. What is the role of business
Use the data in the table to the right to answer the following questions. What is the external cost per unit of production? What level is produced if there is no regulation of the externality?
Elucidate why the MP/P relation is deficient as the sole mechanism for determining the optimal level of resource.
Create an educated guess as to illustrtae you expect to happen to short-term.
What are some of the positive externalities of education? Why may higher education offer fewer positive externalities than primary or secondary education?
Michael can buy either pizzas or submarine sandwiches. If the prices of pizza and submarine sandwiches double and Michael's money income triples, we can conclude that Michael's budget constraint will
Discuss the consistency of mutual fund performance results, as studied by Goetzmann and lbbotsoni ndifferent between the after tax returns on a corporate bond paying.
At the end of 2002, the (1-year) interest rate was 1% in the U.S., and 26% in Argentina. Recall that at the same time, the spot rate for the Argentine currency was Peso 4.00/$.
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