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Compare and contrast human capital, H, and physical capital, K. How is H different from labour, L?
Using demand and supply analysis, briefly discuss the effect of each of the following on the market for cigarettes:
1. Identify multiple business pressures on Xerox. 2. Describe some of the company's response strategies.
Distinguish between use and nonuse values in the specific case of preserving the quality of water in an underground aquifer. How might you measure the different types of benefits in this case?
According to the theory of rational expectations, individuals will respond to expansionary monetary policy by:
Explain why when using the expenditure method for determining GDP do we not include expenditure on intermediate goods, but when using the income method, we use the income of factors of production for both intermediate and final goods production?
In a fixed exchange rate system, describe how countries address the problem of currency market pressures that threaten to lower or raise the value of their currency? Be specific, in other words, explicitly state what a country would do in the case of..
Proponents of a basic income (or negative income tax) argue that it is a superior method of addressing income inequality than the minimum wage. First, briefly explain in what sense the basic income is less disruptive to labor markets than the minimum..
You operate in a duopoly in which you and a rival must simultaneously decide what price to advertise in the weekly newspaper. If you each charge a low price, you each earn zero profits. If you each charge a high price, you each earn profits of $3. Fi..
Based on what you have learned about monopoly markets and markets in oligopoly, which of these two do you believe is more harmful for the consumers and for the economy, and why? Do you believe all monopolies should be considered illegal?
Suppose that a car was produced but not sold in 2011. The car could still be sold in 2012. According to the book, the car would be counted as part of:
An automatic stabilizer:
Answer the following questions: Does you country have a fixed, floating, or managed exchange? Does your country control its own currency (is it and issuer or just a user of currency)? How exchange rate of the changed in the past three months? In the ..
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