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How do social and economic policies related to crime and drugs impact oppressed and vulnerable populations in the U.S.? Do you think these policies are fair? Why or why not?
According to the theory of competitive markets, what is presumed to determine the wage rate and exchange rate in a country and explain the central role of these two mechanisms in translating comparative advantage into competitiveness?
The world willingness to pay for oil is given by P = 200 - Q, with P in dollars per barrel and Q in thousands of barrels per month, and OPEC is planning its strategy to set the world oil price. The competitive fringe of small firms takes the price OP..
Make sure to include all appropriate graphs with supply and demand, the initial equilibrium and the shift in the supply or demand curve and the corresponding change in the price and quantity in each graph, as well as an intuitive explanation.
If we accept the conclusion that librarians are more vital to the country than professional football players, explain why are librarians so poorly paid in comparison.
An increase in the labor force: Consider a onetime change in government policy that immediately and permanently increases the level of the labor force in an economy (such as a more generous immigration policy).
Monetary policy is having little impact on the economy today because: the Fed began to lower interest rates more than three and a half years ago, so the impact has worn off. low interest rates have caused an “asset price bubble” in stocks, so money i..
Illustrate what might cause the world interest rate to rise.
Short Run and Long Run Cost Function We consider the same production function is X=F(K,L)=3K^1/3L^1/3. Define the wage cost as w and the rental rate of capital as r. The price of the product is defined as p. 1. Consider a short run case where the amo..
Ricardo was concerned about deviations of the relative prices of commodities when there was a change in the wage and profit rates. Show how he illustrated these deviations. Then explain why Ricardo was not overly concerned about these deviations, and..
The style of the presentation requires professional engagement. A question and answer session (peer review) with classmates follows the presentation.
Net exports are
q.for the countries of austria and albania summarize the key characteristics of their economic systems while paying
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