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Define both absolute and comparative advantages and how the determine trade between countries
Explain how specialization can maximize the efficiencies in the possibilities frontier concept
Explain how opportunity costs are involved in international trade
Why is one of the macroeconomics goals low unemployment not zero unemployment? Pleaseexplain and incorporate into your answer the different types of unemploymen
what is likely to happen to the curve if wage indexation becomes more widespread? Illustrate your answer on the graph.
Assume that the economy starts at the natural level of output. Now suppose there is a permanent decrease in the relative price of oil.
What are the equilibrium quantity and equilibrium price? How much consumer surplus exists in this market? What will the consumer surplus be after the tax?
hannah and her employer both expected inflation to be 3% between 2010 and 2011, so they agreed in a two year contract $12.00 an hour in 2010 and $12.36 per hour in 2011. However suppose inflation between 2010 and 2011 was only 2% not 3%.
if a government initially has a balanced budget but then cuts taxes, it is running a deficit that it must somehow finance. suppose people think the government will finance its deficit by printing the extra money
What is the profit maximizing quantity and price for this monopolist? What do their profits equal? Use the Lerner Index to calculate the price elasticity of demand at the profit maximizing quantity.
soft selling occurs when a buyer is skeptical of the quality or usefulness of a product or service. for example suppose
What were the unemployment rates for adult women, teenagers, blacks, Hispanics, and whites? How did these rates compare with those a month earlier?
Research and include at least two references and cite in your paper using APA format. 1. How does the Tuckman model integrate with creating a high performance team?
The 2009 World Development Report provides the following information for Colombia and Thailand. Explain carefully what each of the entries in the four columns of this table measures. Do these measures capture important dimensions of poverty?
Buyers also benefit from price discrimination. Those with lower reservation prices would be excluded from buying the good if the rebate were not offered. In this case, some buyers whose reservation price is at least as high as the discounted price..
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