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Read the speech of the Fed's Chairman dated October 15, 2010 at the Federal Reserve Bank of Boston and critically discuss whether you agree or disagree with Chairman Bernanke's remarks on economic outlook and the role of the Fed' s monetary policy effectiveness by using unconventional policy tools for boosting the economic recovery and thus to achieve long term price stability? You need only one or two paragraph (s) in clarifying the logics to your answers.
Illustrate what is an opportunity cost. Elucidate how does the idea relate to the definition of economics.
Domestic produces often base their claim for import protection on the fact that workers in country X are paid substandard t wages.
Assume that the country initially has no restrictions on trade also then imposes an import quota
Estimate the deadweight loss from monopoly. Assume, in addition to the costs above, the musician on the album has to be paid. The company is considering four options.
What is the relationship between the marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the RC model.
Using the principles of covered interest parity, Explicates how a local industry can utilize a LC loan to synthetically create a 1-yr USD loan.
For each option calculates the profit-maximizing price and quantity. Which, if any, of these compensation schemes would alter the deadweight loss from monopoly.
Illustrate what would happen in the market, please Specify whether the policy would cost the Chinese government anything also if so, and explain how much.
Elucidate why does strong mono tonicity implies local non satiation but not vice versa
What point on the graph is most likely to result from the introduction of technological improvements in bicycle assembly, and successful publicity campaigns by the government on the virtues of bicycling to work.
Gains from trade will result if a country specializes.
Cigarettes are also heavily taxed. Illustrate what effect does this tax have on cigarette consumption
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