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Some fields have large enough quantities of both oil and natural gas that coordination must be achieved for the production of both, rather than oil a in our examples. Will fields with both oil and gas have greater difficulties in unitization than fields with oil or gas alone?
Elucidate why increases in the price of a labor-intensive good lead to proportionally greater increases in the wage rate in a labor intensive country.
Provide reasons to explain what the government would have to do to keep the unemployment rate
Assume worker productivity increased at the rate what rate of increase in RGDP would be sustainable without increasing inflation pressures.
Explain why do you think that whenever the government needs to raise their revenue they usually decide to increase the tax on items such as gas
Elucidate measures the fed should take to reduce the unemployment rate and expand the economy.
Intra-industry trade comprise countries exporting and importing the same or very similar goods. Why would countries export and import the same or similar products.
The best Leisure John may get in a week is 168 hrs. Other than that how many hours a week John works, he gets a $200 allowance from his father.
Given the price elasticity of demand for two products & marginal cost, determine the optimal markups and prices under third-degree price discrimination.
Determine what does a contractionary gap imply about the actual rate of unemployment relative to the natural rate?
As per fiscal policy makers increase the budget deficit, monetary policy makers should increase the money supply
Why do the economists use real GDP rather than nominal GDP to gauge economic well-being and discuss critically GDP as a measure of economic welfare and how each of the following events is likely to affect GDP?
Illustrate what does the concept of opportunity cost indicate. Consider how the production of one good affects the possible production level of other goods.
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