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Differentiate between the terms deficit and surplus as used in economics.
What is the marginal profit and total profit of a wage that is equal to $80 and an output that is equal to $3?- provide with the MRP-W labor market diagram
GDP growth rate the business cycle, fiscal policy and level of unemployment, monetary policy and interest rates, international trade, and demographics.
Does this change in the value of the dollar make imports cheaper or more expensive for Americans? Are American exports cheaper or more expensive for importers of U.S. goods in Japan? Illustrate by showing the price of a U.S. e-reader in Japan, before..
Presently most British imports come from other European countries. How does this fit in with the changing types of goods that make up world trade.
Compare and contrast the effect of an increase in Foreign interest rates on Home's economy under fixed and floating exchange rate regimes. Use the IS-LM-FX model for each case (flexible and fixed exchange rates)2)Why might a country with a fixed ex..
As a manager, it is important to understand how economic ideology, and specifically supply and demand, are a part of your everyday business decisions.
If the equilibrium price of Frisbees is $8 the equilibrium of supply an demand is 6. a price of $2 above equilibrium price is imposed. a)what type of restriction is this (b)what is the new market price (c)How many frisbees are sold
If real GDP was $13.1 trillion in 2013 and $13.3 in 2014, what is the growth rate? (b) How many years would it take for GDP (gross domestic product) to double (using your answer from part a)
Explain what would happen in the market for chicken if the price of beef suddenly increased and remained high. Use supply and demand analysis in your answer and consider the elasticity of demand and the cross-price elasticity of demand in your answer..
Read the description of the ultimatum game experiment in Section 13.6. How would you play if you were a subject in this experiment? What kind of offers would you make?
Calculate the velocity and acceleration vectors and the speed at t=pi/4 for a particle whose position at time t isgiven by vector r(t)=(cost t) i +( cos 2t) j +( cos 3t) k.
a. consider a competitive market supple and demand model. if there are no externalities explain why economists describe
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