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Provide At least two products for each country that have provided China, the US and Germany an absolute advantage in trade.
q1. suppose the number of employed people in an economy is 121166640. the unemployment rate in this economy is 10.4
Define cardinal and ordinal utility. What is the difference between the two? In economics, is utility measured cardinally or ordinally and why is this so?
Compare and contrast two different software development approaches (for example, the Waterfall Model versus the Spiral Model or the Object Oriented approach versus Design Patterns, etc)
What are the ethical issues at stake when companies permit employees to use personal technologies on the job? What are the implications for all stakeholders?
ind the expected utility of each situation for each consumer. From the results in (a), find the best situation for each consumer and explain how that choice makes sense in terms of risk aversion.
Consider the Tragedy of the Commons game with two shepherds, A and B. LetsA and sB denote the number of sheep each shepherd grazes on the common pasture. Assume the benefit per sheep equals 300−sA −sB. Compute the flock sizes and shepherds’ total ben..
When bankers hold excess reserves:
You will be given a supply and demand diagram for a market that is associated with an externality. First, determine the market equilibrium price and quantity in the presence of the externality. Second, draw a new demand or supply curve that would int..
Define Indifference Curve and what are the main properties of Indifference Curve? By using Indifference Curve analysis explain how the consumer attains maximum level of satisfaction?
In year 0, Nation A's GDP was $200 billion and it had $600 billion worth of capital stock at the end od the year. In year 1, Nation A's GDP grew to $210 billion and its investment (saving) was $50billion. The rate of depreciation is 5%. what was this..
Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90-0.20Q. If there is a price floor of 2.94, what would be the quantity traded?
If the price elasticity of demand for a product is -5, and the income elasticity of demand for the product is 2.5. If a 0.5% decrease in product price as accompanied by a 1% decrease in consumer income, the firm's total sales will
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