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A) Explain two distinct factors through which geography can affect a country's income and prosperity.
B) For both of these factors described in part A, discuss whether you think the effect of these on a country's income is fixed over time or whether the effect might vary and why.
"The Assistant Secretary for Time Travel recommends that the bureau choose the socially optimal price, the price necessary for efficient allocation of resources. Which price is required for efficient allocation of resources.
The Paradise Shoes Company has estimated its weekly TVC function from data collected over the past several months, as TVC = 3450 + 20Q + 0.008Q2 where TVC represents the total variable cost and Q represents pairs of shoes produced per week. Describe ..
q.firm 1 is the incumbent in a market lasting two periods with inverse demand curve p74 -9q. its first-period costs are
A bond has a Macaulay duration of 5.5 a yield to maturity of 6.1 percent, a coupon rate of 7.0 percent, and semi annual interest payments. What is the bond's modified duration?
What is estimated exclusioin and rivalness of (1) 1000 pounds of compacted scrap steel; (2) 1/2 ton of compacted scrap steel; (3) a mahogany tree in an inaccessible Central American rain forest; (4) a mahogany tree next to a new highway through a Cen..
Smallville is suffering annual losses of taxable properties and property values of 1% each. Even so, Smallville must maintain its tax collections at a constant value of $3.2 million to maintain services. What is the required rate of increase in the t..
q1. what is the definition of sanford gordon in economics?q2. what is the relationship among marginal product and
Identify a particular industry (non-government) that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity. I..
Compute price elasticity of demand and supply at the equilibrium price and quantity. Price elasticity of demand is equal to___ _ and price elasticity supply is equal to ____. On the same graph above, show the effect on equilibrium price and quantity ..
Calculate the four combinations of outputs of corn and rice for these 4 plans.
To make the case that one country has a comparative advantage over another country in the construction of a given good or service,
In practice, the primary tool used by the Federal Reserve to control the money supply is
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