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What would happen to exchange rates if one country has a comparative advantage in production of most goods and the financial & capital account was balanced?
What two macroecconomic indicators would you recommend watching to assess the economy's condition over the next six months? Please indicate why you selected them.
Which of the non negativity constraints on x1; x2 will bind for small m? c. Derive for the Marshallian demand functions and the indirect utility function. d. Derive the expenditure function for utility level u.
A proposal has been advanced to limit advertising of pharmaceutical prices to prevent unfair pricing by national chains. You estimate that limits on price advertising will change the price elasticity of demand from -5.63 to -4.43.
Suggest three (3) key reasons why documenting solutions to network issues is an important best practice. Speculate on the implications of improperly / incompletely documenting the solutions to the network issue provided in Part 1 of the discussion..
Understanding of how the economy described by the AS/AD model responds to various shocks under various assumed parameter values.
Explain the difference between demand pull inflation and cost-push inflation, illustrating your answer with examples of each
Critically discuss that there is no satisfying theory that explains the behavior of firms in oligopoly markets. Which theories should I include in the analysis and give some examples relevant to these theories?
Brand recognition is an important factor for many businesses - both large and small. The term 'brand' refers to the means by which a business creates an identity for itself and highlights the way in which it differs from its rivals. Branding creat..
Suppose that you are a farmer operating a local farm. You plant fifty seeds and watch them grow into stalks of wheat with plump wheat berries.
(a) Write down the function that you are minimizing. (b) What are the OLS normal equations (1rst order conditions)? (c) Derive OLS estimators, b1 and b2, from the normal equations.
The country of fishland had a nominal GDP of $1000 in 2003 and $1500 in 2004. The GDP price index was 100 in 2003 and 150 in 2004. Calculate the increase in real GDP in fishland between 2003 and 2004.
1. when the demand line is perfectly elastic there is no deadweight loss after taxation.2. firms must not operate if
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