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Consider some purchases you've made lately. Were the prices high but you purchased anyway or were the prices reasonable and you didn't have to think about it much. Give an example of each type of purchase and describe your elasticity of demand for the item. Explain why your demand may be elastic or inelastic.
If two countries reach equilibrium in their domestic markets at the same price, what can be said about their export supply and import demand curves and about the international trade equilibrium?
Suppose that you save all of your money to spend next year. Explain how much will you be able to spend next year. How much will you be able to spend this year.
Rivalry is especial destructive to probability if:
What is the major characteristic of the class system of stratification
Suppose that there are 20,000 hours of labor available in country A, and that 5 hours of labor are required to produce one unit of S, while 4 hours are required to produce one unit of T. Draw A's PPF and find its slope. What is the relative price of ..
Suppose when Russia opens to trade, it imports cars, a capital intensive good. (Consider the following Heckscher-Ohlin model.) According to the Heckscher-Ohlin model, is Russia capital-abundant or labor-abundant? Why? What is the impact of opening tr..
Select a USA from the Index also bring in additional source material to Explicate its ranking also Explain how it has changed over the last 5-10 years.
Elucidate how much consumer surplus would be created by randomly assigning buyer to sellers. Which method gives the larger surplus.
What common assumptions guide the Thucydides and Procopius readings regarding how a historian should chronicle a plague? What different assumptions do they possess about both human behavior and the role divine forces play in human history? How do bot..
Suppose the equilibrium real federal funds rate is 2 percent, the target rate of inflation is 2 percent, the current inflation rate is 3 percent, real GDP is 17.17 trillion, and potential real GDP is $17 trillion. If the weights for the inflation gap..
q.the following graph shows the demand as well as curve d of a home country facing the foreign monopoly supplier of a
The following assignment incorporates the concepts from prior weeks (variables, if-else logic, loops, and arrays), along with this week's topic of file input/output process.
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