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Problem
1. Distinguish between the terms of trade and the balance of trade.
2. Why does the balance of payments always balance?
Ray has $120 to spend on pizza in a week. There is only one pizza restaurant in town, and it sells two sizes of pizza: regular (R) and large (L). The regular has 20 square inches of pizza and the large has 30 square inches of pizza
Economic policies in the 1960s were based on the combination of the circular flow model of the economy and the Phillips curve relationship between inflation.
Describe the equilibrium of a market. Describe the forces that move a market toward equilibrium. Why are scalpers able to resell tickets to the Four games?
Describe benefit and cost externalities. List the reasons for lack of optimal allocation of resources in each case. Explain the need for government intervention in case of market failure due to externalities. Explain why government intervention may n..
In Kessy's old kitchen, he could bake 10 cookies or mix 15 glasses of lemonade in one day. Now Kessy has a larger oven and refrigerator. How does this impact his production possibility frontier A) It increases his production possibility frontier. B..
Suppose that the demand for federal funds curve is such that the quantity of funds demanded changes by $160 billion for each 1 percent change in the federal funds interest rate. Also, assume that the current federal funds rate is at the 3 perce..
find out how managers could combine two or more motivation theories to tailor their efforts to motivate employees to
The firm can vary the amounts of two basic chemicals in producing a specialty chemical, but, for quality control reasons, the relative proportions of chemicals must be between 40/60 and 60/40.
The federal government is planning a hydroelectic project cor a river basin. In addition to producing electric power, this project will provide flood control, irrigation, and recreational benefits. Find the benefit-cost ratio for each alternative.
Market supply of labor The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours per week (QT) supplied to the market.Hourly Wage Hours per week
amalia alexia and ariane work together in a homework group on a problem set. each group member i 123 can exert effort
you have been asked by a manager in your organization to put together a training program explaining net present value
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