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Provide your answer in three short paragraphs explaining how a country can place barriers against international trade.
How is the demand for a resource affected by (a) changes in the demand for the ?nal product and (b) productivity changes and explain how a decline in the price of resource A might cause an increase in the demand for substitute resource B.
Discuss how conservatives, liberals and radicals explain the causes of and solutions to poverty. what evidence do they use to support their view.
Illustrate what were some of the major contributing factors and how did they combine to cause the recession. How were you affected by it.
At each level of output compute savings. At each level of output, compute unplanned investment (inventory change). What is likely to happen to aggregate output if the economy were manufacturing at each of the levels indicated?
Smith & Co., a well-known producer of hand tools, wishes to hire a researcher to speed the development of the next generation of left-handed screwdrivers. If the researcher works hard, there is an 80% chance that she will make the crucial brea..
Explain why trade liberalisation has the same effect on an economy as an increase in the aggregate productivity of an economy (i.e. that the average output per worker increases).
In 1980s, 1990s, and the 1st decade of the 21st century, the US experienced a significant inflow of capital from abroad. Use a diagram of the United States capital market, demonstrate the effect of this inflow on rental price of capital in the US and..
suppose we have a data set with only two observations y1 and y2. the general formula for the sample average is sample
The exhibit shows how supply and demand might shift in response to specific events. Suppose a spring frost destroys one-third of the nation's artichoke crop. Which panel best describes how this will affect the market for mayonnaise, which is a com..
This problem uses Okun's law to study how the unemployment and inflation rates change when there are demand shocks.
Briefly explain how each of the following changes the money supply.a. the central bank buys bonds b. the central bank raises the discount rate
Now suppose that these immigrants are particularly talented so that the country's total factor productivity increases. Incorporating only this additional information, clearly and accurately show what effects this would have on economic output, emp..
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