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Q. As seen during the financial crisis of the 1930s also in recent history, marketplaces are globally interconnected. Aside from financial marketplaces, different countries have different resources. Choose a country other than the country in elucidate which you currently reside elucidate which has not already been selected by another student also research the EIU country data. Based on absolute advantage also comparative advantage, elucidate the effect of global economic conditions on the choices available to that country. Include the current exchange rate of the country's monetary unit.
South Korea can produce a maximum of 600 million toaster ovens or 900 million tons of rice per year. The U.S. can produce a maximum of 700 million toaster ovens or 1,000 million tons of rice per year.
One day you realize you're tired of smelling like refried beans all the time and begin thinking about starting your own business. After doing some investigation you decide to spend 15 hours per week running a photocopy service in your dorm.
A new law requires that all construction workers in your area belong to a labor union. Will this shift the labor supply curve, demand curve if both in home construction.
Consider decision making process used by consumers as they budget their money to maximize use of their resources.
In long run, what would you expect to happen to the price of steelin U.S. and Germany. What would be the price differential.
The law in Ruba says no worker shall be paid less than nine slugs per hour.
As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force.
How an airline executive might use tourism economics relating to passengers load factors, ticket prices discounts, frequent flyers programs, joint fares, flight frequencies.
Why might these firms agree to form a cartel. If such a cartel is formed, use the prisoner's dilemma to explain why it may or may not survive.
In 2020, Ahmed decides to invest in a wind turbine that would produce and sell electricity to the local electric utility. He decides to buy a smaller, used turbine.
What happens to the profits of boat makers in short run. Illustrate what happens to the number of boat makers in the long run.
Consider a small economy in which consumers buy only two goods pies and tarts. In order to compute the consumer price index for this economy for two or more consecutive years.
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