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Macroeconomic considerations, such as the value of the exchange rate and whether or not full employment exists also have a bearing on the theory of comparative advantage. Explain
A number of people have argued for a flat tax with each person getting a personal exemption of, say, $10,000, meaning that they pay zero tax on the first $10,000 of income and then 20% on all income above that. Is such a flat tax progressive, proport..
The position of the long-run Phillips curve depends on what?
If you had $ 4000 now and invested it at 6% simple interest, how much would it be worth 12 years from now? How much would it be worth if you receive 5% compound interest instead of 6% simple interest?
The demand for MICHTEC's products is related to the state of the economy.
“Consumer surplus” represents the difference between what a consumer is willing to pay for a good or service and the price that they actually pay. In other words, the concept of consumer surplus indicates how much consumers gain from consuming goods ..
Indicate whether each of the following is counted in this year’s GDP: a. you bought a new Wii at GameStop last year and resold it on eBay this year. b. You purchase an “Investing for Dummies” book at Barnes and Noble. c. You purchase a historic home ..
How are individuals impacted by the financial markets? How does the financial markets impact economic growth? Venture capitalism and risks? How does healthy financial markets create jobs?
Using the Mundell-Fleming model (ISLM with IPR), discuss the impact of a negative aggregate demand shock (e.g., negative shock to investor or consumer confidence) on equilibrium values of output, the interest rate, the exchange rate, next exports, an..
Bob’s Breakfast, a perfectly competitive restaurant, sells its Breakfast Special (the only item on the menu) for $5.00. The costs of waiters, cooks, power, food, etc. average out to $3.95 per meal. The costs of the lease, insurance and other such exp..
Describe the DEAL Model of critical thinking - How is civic capacity intertwined with service-learning - Are there differences between service-learning and volunteering? If so, what are those differences?
The market for paper in a particular region has the supply and demand curves: QD = 160,000 - 2,000P QS = 40,000 + 2,000P, where Q is measured in hundred-pound lots, and P is price per hundred-pound lot. Sketch a diagram showing the costs or benefits ..
Members of some species of hermaphroditic fish choose, in each mating encounter, whether to play the role of a male or a female. Each fish has a preferred role, which uses up fewer resources and hence allows more future mating. A fish obtains a payof..
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