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Question: Country N, a relatively small, impoverished country, discovers a huge reservoir of crude oil, for which the costs of lifting are less than 10% of the market price. Explain what happens to
(a) the growth rate,
(b) the value of the currency, assuming it is allowed to float freely,
(c) the trade balance,
(d) the rate of inflation. Now assume that 10 years after this initial discovery, the world price of crude oil suddenly drops by half. How do your answers to (a)-(d) change?
Write what you bought everyday for 2 weeks ( am a girl so write girls stuff salon.....). Do a pie chart. Write the inflation rate.
1. Suppose inputs are only substitutable at two units of labor for every one unit of capital, and one unit of output is produced for every unit of labor or ½ unit of capital. What would be the equation for the production function? What is the ..
The atmospheric pressure of 100k Pa acts on the other side of the piston. The gas is heated until the volume is doubled and the final pressure is 500 kPa. Calculate the work done by the gas.
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Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy and determine which economic indicators the Federal Reserve should analyze so it can better stabilize this particular economy.
the company had purchased 58000 of inventory from zahn a vendor approximately 3yrs ago. as of today the balance of the
What happens to gdp if interest rates go up? Please describe in terms of supply and demand as well
Explain the macroeconomic and microeconomic concepts and how they relate to the management of a global organization - Critically analyze and evaluate real-life economic problems and opportunities by applying economic concepts, principles, and theor..
From the scenario for Katrina's Candies, determine the relevant costs for the expansion decision, and distinguish between the short run and the long run costs.
ssume you are a policymaker in washington dc. lobbyists for the preschoolers of america have put pressure on their
It is 1932 and you are an economic advisor to President Roosevelt. what advice would you give the president in light of the economic problems facing the country?
Explain how the accountant and economist view cost
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