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It is conventional to divide the nation's total production into four categories. Name and explain the four categories. In the United States, which category accounts for the largest share and the smallest share of the nation's total production.
Assume that the United States and Canada are planning to trade. Suppose there are only two goods in the economy: potatoes and rice.
An article written immediately after re election of George W. Bush referred to his environmental rule system where power plants purchase and sell the right to pollute in form of emission credits,
America spends more on every student in public education than any other developed country and yet performs at bottom of every international student achievement test.
Use a graph of the pollution abatement market, model a condition in which allocatively efficient level of abatement occurs at 100%, or equivalently where pollution is zero
The manager of a paper mill is making for her most important test yet. On Tuesday morning, she must testify before a senate committee to justify company's high value.
Assume foreign income rise to 108,000 and interest rate is allowed to temporarily diverge from world economy interest costs. What are the equations for IS and LM curves?
a) Briefly explain why each of the following would cause the Aggregate Demand curve to shift to the right(an increase), or to the left(a decrease):1) an increase in housing prices 2) a decrease in interest rates 3) expectations that the economy wil..
Information covering the most recent thirty days are given in the following table for the rate per gallon of regular gasoline at a local station.
Based on what you receive as the results of free trade contracts such as NAFTA, would you suggest that President Obama continue on the path of entering into more free trade contracts with additional nations
After a frenzied month of legislating, the House and Senate produced an economic stimulus bill estimated yesterday to cost $787 billion, with $281 billion in new tax cuts and the remainder in one-time spending on infrastructure investments, expand..
Why are common borders and cultural similarities often an additional factor to determine who trades most with whom and why? Use your knowledge of the gravity model to justify your answer through two suitable examples.
Make a domestic supply and demand diagrams for an item in which the U.S. does not have a comparative advantage. Discuss what impact do foreign imports have on domestic price and quantity?
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