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-Does the United States have an absolute advantage in coffee production with most countries? Explain.
-Could the United States have a comparative advantage in coffee production with another country? Explain.
Deficits and investment: Suppose the government decides to reduce taxes today by 1% of GDP, financed by higher borrowing, with the borrowing to be repaid 10 years from now with higher taxes. Discuss the various arguments about what effect this will h..
A paint firm has just announced that it will be building a new plant in a small town that is currently experiencing a high level of unemployment. The new plant will create 500 new jobs in the area and will occupy unused land at the edge of town.
In a piece dated October 15, 2014 and released by the Indiana University Center on Congress, author and retired member of the US House of Representatives Lee H. Hamilton made the following comment about corruption in politics: “Maybe it’s time we loo..
From you readings and research explain and compare eMarketplaces vs. eStore. Review the comparison and explain which type (eMarketplace or eStore) would you use for you own business
You are manager of a small pharmaceutical company that received a patent on a drug three years ago. Despite strongest sales(125milion last year) and a low marginal cost of producing the product ($0.25 per pill) your company has yet to show a profit f..
The study aims at assessing the market potential of Ireland-produced baby formula products in Chinese market.
If, in the money market, the quantity of money demanded exceeds the money supply, we would expect the interest rate to:
Suppose James has utility over wealth given by u(w) = w 1 2. Putting utility on the y-axis and wealth on the x-axis, use a graph to show why James would rather have $100 for sure instead of a gamble where he gets $20 20% of the time and $120 the rest..
An IT company called Zucchini has the following production function: y=16L^(1/4) K^(1/4). (A) Using the following two conditions for profit-maximizing in the long-run, show that the long-run demand functions for input labour is L=(4p/r)^(1/2) (4p/w)^..
A local tailor has two types of customers, private customers and department stores. The market of private customers has a demand given by Qp = 2000–100P, and the market of department stores has a demand given by Qs = 4000 − 100P. Suppose that the tai..
Consider the following facts. After the age of 25, persons with college degrees earn more than persons with no education beyond their high school degrees, ceteris paribus. Moreover, persons with high school degrees earn the same as persons who have h..
If the firm's price elasticity of demand is equal to -2 (or 2 in absolute terms) illustrate what price should the firm charge in order to maximize profits
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