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Define external economies of scale and using a graph explain how head start rather than comparative advantage may determine the direction of trade.
How might healthcare reform increase productivity in the United States? c. How might healthcare reform decrease productivity in the United States?
Mrs. Siegal has two alternative activities to help relieve her backache. In the first, she can visit a physiotherapist. The total time for a physiotherapist visit, including travel and waiting, is two hours. Mrs. Siegal earns a wage of $20 an hour. P..
How each market participant cares only about their own self interest rather than about the overall efficiency of resource us
Suppose which gross private domestic investment is $800B also the government is currently running over a $400B deficit.
the congressional research service estimates that at least $45 million of counterfeit u.s. $100 notes produced by the north Korean government are in circulation. Explain why do U.S. taxpayers lose because of north Korea's counterfeiting.
A consumer receives income y in the current period, income y in the future period, and pays taxes t and t' in the current and future periods, respectively. The consumer can lend at real interest rate r. the consumer is given two options.
Suppose we are at steady state in the Solow Model. Suddenly we have a significant technological advance. Show, using properly labeled graph(s), how this improvement in technology affects the steady state levels of income per worker, consumption per w..
Consider the following goods and services. Which are the most likely to be produced in a perfectly competitive industry? Which are not? Explain why you made the choices you did, relating your answer to the assumptions of the model of perfect competit..
e marginal cost of making a copy is $.50 (50 cents). The average customer makes 4 copies at a time. Illustrate what pricing strategy will maximize your profits.
If, at the current price, there is a surplus of a good, then
Interview 10 people on "What type of breakfast do you prefer," and prepare a basic research report. Conclusion: Discuss your findings, state whether your initial hypothesis was correct or not, and provide a rationale for your answer. Also, provide de..
U.S. Airways experienced huge losses for several years in the 1990s, yet it continued to operate its fleets.
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