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We observe that:
(a) During 2021, the one-year interest rate in Country A increased by 1%, while that in Country B remained unchanged;
(b) during 2021 the currency of country A appreciated relative to the currency of country B. Explain why.
How is superior theory of comparative advantage of David Rivardo to the theory of absolute advantage Adam Smith? How the gains from comparative advantages emerge?
The end of the Cold War saw an increase love affairs among different developed nations of the world.
Politicians are often heard saying that tuition at state universities should be kept low "to make education equally accessible to all residents of the state, regardless of income." Assuming that state funding for the universities is held constant; de..
Suppose that ABC Company purchased $10000 of machinery 3 years ago. The machinery is 5-year MACRS property. The firm is selling this equipment today for $5000. What is the aftertax cash flow from this sale if the tax rate is 30%? After-tax cash flow ..
How many total votes can be cast? (Do not round intermediate calculations and round your answer to the nearest whole number.)
Suppose that an economy’s production function is cobb-douglass with CRS(Y=AK^α * L^1-α ) and α=.3. What fractions of income do capital and labor receive? Suppose that the capital stock decreases by 15 percent. How much does output increase or decreas..
Consider a repeated measures design with I subjects, each undergoing J treatments. Describe how the ranks are computed in the Friedman test.
conomists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy.
Food For Life makes health foods for active, outdoor people. Their three basic products are whey powder, a high protein strength bar, and a meal additive that has the taste and consistency of sawdust. Research shows that consumers fall into two types..
Is the perfectly competitive model a good benchmark for an economic system which uses Biblical worldview? Use Scriptural support where appropriate and also comment on the perfectly competitive model as a guide for public policy. What should be the ro..
Discuss several of the trends that are driving this rise in cooper thefts, making certain to address availability and a comparison of resale values from second-
Addressing inflation using Fiscal and Monetary Policy tools. Scenario -The US economy is currently experiencing high rates of inflation. You have Fiscal and Monetary policy tools available to address this problem: To attack the problem of inflation y..
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