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Question
First, think about an oil-exporting country that fixes its currency to the US dollar.
Assuming that global oil prices fell due to demand-side factors, what do you expect would happen to the currency of the oil-exporting currency had it not fixed its currency? If it fixes the currency by direct intervention in the foreign exchange market, what would it buy? What would it sell?
The Romantic era was a time of dramatic change in the world. What "revolutionary" influences do you recognize in the art, literature, and music of the 19th cent
Graph the fixed cost, variable cost and total cost curves. What is the average total cost when the output is 18n units per day?
Do their experiences lend support to the infant industry argument or argue against it?
In a few weeks Professor Smith will be taking his daughter Attilla to the State Fair. Calculate the Marginal Rate of Substitution (MRS).
What think is the best way to analyse the situation - including choice of theory and sources of evidence, what type of findings you expect and what potential applications you expect there to be.
Explain why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms (at the same time, some internet businesses such as grocery home deliveries
It is clear that more education results in higher average life time earnings. Therefore, can we conclude that it is always a good investment to spend more income getting more education?
With a constant world interest rate, full employment, and an initial trade surplus of zero, a tax cut in a small open economy.
Distinguish between a customs union and a common market. Explain why there has been a growth in the underground economy of the United States.
Explain why the competitive markets does not always operate efficiently and if the regulatory authority of a natural monopolist sets price equal to marginal cost what problem would arise.
How does the market adjust in the long run when firms are earning short-run economic profits? How does this affect the short-run supply curve?
If you were going into business and were going to sell a new high-tech product what kind of costs would you have to consider before going into operation?
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