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In 1990, the GDP of Canada was $550 billion as measured in Canadian dollars, and the exchange rate was that $1 Canadian was worth 88 U.S. cents. In 2000, the GDP of Canada was $1070 billion as measured in Canadian dollars, and the exchange rate was that $1 Canadian was worth 72 U.S. cents. By what percentage did the GDP of Canada increase from 1990 to 2000 in U.S. dollars?
Gertrude Kelp owns three boats that participate in commercial fishing for fresh Pacific salmon off the coast of Alaska. As part of her business she hires a captain and several crew members for each boat. While Gertrude usually catches a significant n..
Explain why an increase in the wage rate for autoworkers will generate more of a negative employment response in the long run than in the short run. Assume there is no productivity increase and no change in the price of nonlabor resources
Describe a time in your life where you outperformed your expectations in a class or under-performed in relation to your expectations. What did you do that helped you succeed? What could you have done that would have made your performance better?
"Suppose the market for oranges is disturbed by below-freezing cold weather that destroys much of the orange crop in the California. Predict what will happen to the equilibrium price and quantity in the market for oranges because of this natural d..
Over the past year the inflation has been 10%. The price of a used Ford SUV has fallen from $6,000 to $5,000, or 16.6%. By what percentage has the real price fallen?
Which of the following statement completions is CORRECT? If the yield curve is upward sloping, then the marketable securities held in a firm's portfolio, assumed to be held for emergencies, should
Connect the points. Describe the resulting curve. Does it make sense to you?
The import tariffs that President Bush placed on imported steel likely had what effect?
Assume that the firms act independently as in the Cournot model i.e., each firm assumes that the other firm's output will not change.
Suppose that Jenny receives higher pay at her workplace than her collages do, even though they perform essentially the same type of work. However, Jenny's productivity is about 25% higher than that of each of her colleagues. Which of the following wa..
How responsive do you think consumers will be to the price change when these fluctuations occur due to changes in supply? Why? Use the various determinants of elasticity to explain your answer. How does the price elasticity of demand for gasoline imp..
Course Objective: CO8 Analyze administrative agencies and employment law issues.
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