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Questions:
A. Country X takes one hour to produce a unit of consumer goods and two hours to produce a unit of capital goods. Country Y takes two hours to produce a unit of consumer goods and four hours to produce a unit of capital goods. Which country has a comparative advantage in the production of consumer goods? Explain.
The following table shows labor-market data for Country X.
B Calculate the unemployment rate in Country X. Show your work.
C. Calculate the labor force participation rate in Country X. Show your work.
D. Draw a correctly labeled graph of the production possibilities curve for Country X, with consumer goods on the horizontal axis and capital goods on the vertical axis. Indicate a point on your graph, labeled Z, that reflects the current level of unemployment.
Assume a society manufacture only guns and butter. When it uses all its resources for the production of guns and operates efficiently, it can manufacture 240 guns a year.
Please explain what is meant by a budget deficit and what is the national debt. While many think these terms are synonymous, they are very different, please explain. What are the approximate values of each of these?
a) According to the arbitrage condition, what is the annual rental rate if the buyer of the house chooses to rent to students? b) Suppose the buyer has a marginal tax rate of 25%. He borrowed the entirety of the sum needed to buy the house. If he c..
Suppose that the Federal Reserve is concerned about deflation in the future, so they decrease short-term interest rates. How will this affect long-term rates and the yield curve? What does the slope of the yield curve reveal about the effectivenes..
You should think about what happens to the demand for loanable funds if there is an increase in the domestic demand for investment goods at every real interest rate.
The U.S. Senate has passed legislation extending Bush-era tax cuts for high-income earners to middle-class Americans earning up to $250,000 per year.
a) Calculate the uncompensated (Marshallian) demand functions for x and y and describe how the demand curves for x and y are shifted by changes in income or the price of the other good. Show all working. b) Calculate the expenditure function for x..
When we calculate GDP we do not include intermediate goods. Explain what issues arise in each of three cases if they were to be included in our measure of GDP.
What print methods might you consider for the first smaller runs? Would change to a different method if the product does well and goes into larger production
What are the costs or problems to a community from a new shopping center, for example? What about a new manufacturing plant?
Describe the taxation systems Then, provide an example for each form of taxation (in your examples, be sure to include the tax rates on income).
How do you feel this will affect GDP and governmental expenditures once people start retiring and living off their savings from their 401 (k)?
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