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In one day, Spain can produce either 1000 TVs that's for 500 computers. In one day, Portugal can produce 2400 TV sets or 600 computers. Which country has the comparative advantage in producing computers? Show me how you figure this out.
this problem is based on the specific factors model. consider the economy of the shire that produces cereals and
Groups need to choose a topic from the list of topics provided by the lecturer and write an essay on the chosen topic. (This list is placed under additional readings on your BB)
1. How do macroeconomists distinguish between flexible and sticky prices and wages? 2. What is the difference between the short-run and the long-run in macroeconomic analysis? Why do macroeconomists differentiate between the two time horizons?
We often look at gross domestic product and how it relates to a recession. In the U.S. we recently went through an economic decline. Do you find people consume less overall when their is a downturn economy?
Ceteris paribus, coffee Brand X and coffee Brand A are substitutes in consumption. The price of coffee Brand X falls. a. What happens to the demand for coffee Brand A b. What happens to the demand for coffee Brand X
Write a short paper in which you describe the macroeconomic factors that caused headwinds for McDonald’s in 2012. Also, regarding the discussion of when McDonald’s introduced its Dollar Menu strategy in the fall of 2002, why was the company assuming ..
Do the utility maximizing amounts of X1 and X2 change if P1 increases to 5 while P2 stays constant at 5? Why or why not? Do the utility maximizing amounts of x1 and x2 change if P2 increases to 9 while P1 stays constant at 4? Why or why not? For a ..
what is a situation in which this might happen in a business? i dont want a numerical solution. rather i want to know
Two firms compete in a market to sell a homogenous produce with inverse demand function P = 400 - 2Q. Each firm produces at a constant marginal cost of $50. Use this to compare the output and profits in settings characterized by Cournot, Stackelbe..
The country of Benin both grows and imports rice. If the government of Benin wants their rice farmers to earn more for their rice than the world price but does not want its consumers to pay more for the rice than the world price so as to keep the ..
Proponents of trade off liberalization argue which freer trade might actually improve the quality of the environment.
1._Bread.Flour is used to produce bread. The price of flour increases. Is this increase in supply, increase in demand, decrease in supply or decrease in demand?
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