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Mr mohamed's budget line relating to goods X and goods Y has intercepts of 50 units of goods X and 20 units of goods Y. If goods X is dollar 12
a. What is mohamed level of income
b. The price of goods Y
c. The slope of the budget line
Illustrate what would shoppers see when they shopped in Wal-Mart and the other "big box" stores that sell so many imported items
Elucidate as accurately as you can how each of the following individuals which would be affected by unanticipated inflation of 10 percent per year.
explain the neo-classical theory of trade and show the difference between this and the classical approach as wellas the
problem set 1. let the quantity demanded and quantity supplied of hotdogs be qd 200 - 40 p andnbspnbspnbspnbsp qs20
calculating elasticity draw a set of coordinate axes on a piece of graph paper. label horizontal axixs from 0-50 units
Explain these concepts address Google's opportunities and problems. What are some political and economic policies affecting Google and how do they influence decision-making.
Why should countries engage in international trade rather than remaining self-sufficient and avoiding the unfair competition of low-paid foreign workers?
Assume a market is controlled by a three firm oligopoly where the market demand curve is given by p = 75 - 3Q and marginal cost is equal to 5. How much does each firm produce and at what price if they form a profit maximizing cartel where each fir..
Can the U.S. ever come out ahead from this quota? Why or why not? Can the ROW ever come out ahead? Why or why not?
What kings of long-term benefits and/or costs result from such a strike Draw some assumptions. Maybe the variables are what is the current wage and how long the strick will last, how much money will be lost. Are unions in the business of selling w..
Determine what effect on a country's current account balance is an increase in use of quotas expected to have? Would your answer change if other governments retaliate? If so, how?
2. (4 points) Using the perfectly competitive labor demand and labor supply model,what would happen, all else equal, to the real wage and the number of workers in each of the cases below:A. There is an increase in the amount of physical capital as a ..
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