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Discuss the income-distribution effects of trade a) between countries (HINT: terms of trade) and b) within countries (HINT: Samuelson).
q. the federal reserve expands the money supply by 5a. use the theory of liquidity preference to illustrate the impact
Briefly state and justify your position on each of the following proposals: a) Women and minorities should be paid the same wage as white males, provided the work is comparable. b) The United States should close its boundaries to all immigration. c) ..
Suppose that a profit maximizing monopolist's marginal costs increase at all output levels. What is likely to happen to the quantity the monopolist produces, AND the price it charges?
q.consider two neighboring island countries called bertland and ernamia. they each have 4 million labor hours available
Assume you are currently working in a government job that pays$20,000/year and you have $40,000 in an account earning 10% interest. You have the opportunity to buy a fruit orchardthat produces $23,000/year in revenue for a price of $50,000.
Let's assume you want to open one of the following new businesses. What form of business ownership would you choose for each business? Why?
q.consolidated salt company sells table salt to both retail grocery chains and commercial users e.g. bakeries snack
When the price of gasoline increased from 3 to 4 dollars per gallon, the demand for gasoline decreased from 100,000 gallons to 90,000 daily. Also, the demand for a $50,000 SUV dropped from 3000 to 2500 cars per month. Estimate the change in the total..
If the spot price of the British pound is $2.20, the risk-free rate on 1-year government bonds is 3% in the US and 6% in the UK, What is the one-year-forward price of the pound?
1. In which of the following situations is the Coase theorem likely to apply? Explain.
Fiscal policy is most effective in controlling inflation when the economy operates in the _____ region of the aggregate supply curve.
Microsoft wants to sell more copies the additional income from each additional copy it sells.
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