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Assume that a country produces two goods, Autos and Rice.
The combination 15 m Autos and 20m tonnes of rice is on the country's production possibilities frontier. Which of the following production combinations is also on the production possibilities frontier?
Explain your answer.
As internet banking spreads, velocity begins to increase at a rate of 3 percent per year. What will happen to the rate of inflation? How could the ECB offset the impact on inflation.
"In the last 5 years the largest source of government revenue has been from individuals and the largest single category of federal government spending has been on individuals." Do you agree? Why or why not? Be sure to provide, where possible, specifi..
Explain carpal tunnel syndrome. What structures are involved, and what pathology exists here? Recommend prevention tips and treatments for this syndrome
Solve for the amount imported, consumer surplus, and producer surplus. Suppose a per unit tariff of $30 is imposed by the government. Solve for the consumer surplus, producer surplus, government revenue and total surplus with the tariff.
For many years the Argentinean peso was pegged to the U.S. dollar. Using the IS-LM-FX model for Home (Argentina) and Foreign (US dollar), illustrate how an increase in taxes in Argentina affected the following variables in Argentina (increase, decrea..
Graphically show the impacts of a carbon tax on electricity producers. Using another graph, illustrate how a tax compares to a uniform air quality standard that imposes fees on electricity producers in non-compliance. Briefly discuss which policy is ..
This is a form of intensive Congressional oversight. What are the pros and cons of more congressional oversight of the Fed?
The Chair of the council of Economic Advisers has requested that you write a short paper explaining how economic policy can be used to stabilize the economy and achieve a high level of economic growth during the next five years. Current situation in ..
Explain in up to 200 words the relationship between Openness and economic development by calculating the correlation coefficient between GDP per
What could the Fed do in 2002-2003 in order to bring the economy back to full-unemployment ? What did the Fed actually do? Explain in detail
A minimum wage will influence different labor markets differently. In four separate market diagrams, illustrate the following cases: (i) a competitive market in which causes a 50% reduction in labor demand; (ii) a competitive market in which the mini..
Acme Container Corporation produces egg cartons that are sold to egg distributors. Acme has estimated this production function for its egg carton division: Acme currently pays a wage of $10 per hour and considers the relevant rental price for capital..
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