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The Twin Crises: what are the Causes of Banking and Balance-of-Payments Problems?
Based on the best available econometric estimates, the market elasticity of demand for your firm’s product is -3. The marginal cost of producing the product is constant at $100, while average total cost at current production levels is $175. Determine..
Suppose that diastolic blood pressure readings of adult males have a bell-shaped distribution with a mean of 84 mmHg and a standard deviation of 9 mmHg.
A consumer must divide $600 between consumption of products X and product Y. The relevant market prices are Px = $10 and Py = $40. Write the equation for the consumer's budget line.
What are the goals of an economic system? What is the criterion to measure the effectiveness os a system? What are monetary goals? What are the fiscal goals? How do governments influence monrtary and fiscal goals?
Is Coase's theorem valid? Why or why not? How does Coase's theorem address the problem of environmental pollution control? Does this make sense? Why or why not?
The real interest rates and real exchange rates are constant and equal in North Country and South Country. The Fisher equation and purchasing-power parity hold in both countries. If the nominal interest rate is 8 percent in North Country and 10 perce..
The purpose of the Consumer Product Safety Commission is: Regulation is more likely to be effective than litigation at deterring a company's harmful (negligent) behavior if: Innocent misrepresentation:
2. Explain why some economists are against a target of zero inflation?
Supposed that you are in the 28% bracket and that you are looking at a municipal bond. The bond has a coupon rate of 2.75%. You see a 3.85% coupon taxable bond available as well. Goven your tax bracket. What would you choose the tax free or the taxab..
Draw the real labor demand curve for each country.
In your PERSONAL--and now INFORMED--JUDGMENT, what do YOU think: Is the president in charge of the national government? SPECIFICALLY, WHY did YOU take the position on this question that you have taken?
Describe the circumstances under which a firm chooses a low-cost strategy to attain sustainable competitive advantage. What about the situations when a differentiation strategy is chosen?
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