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The trend in recent times is that countries want their currencies to be weak because it makes their exports cheaper on the global market. Can you provide an argument for why INDIA(INR) would want their currency to be stronger even thought it might negatively impact their current account.
q. foreign-born population which countries have the most? the united nations department of economic and social affairs
Why is consumption expenditure often preferred over income to compare individual welfares in developing countries? All things controlled for, which will tend to
1. Define, in your own words, the concept of globalization. 2. Relates your response to the concepts of developing economies and emerging economies.
Under the responsibility scheme proposed by the Hong Kong government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view? Explain your answer with a diagram ( IT is Microeconomic question)
Heilbroner argues that economics has lost its way because economists have become preoccupied with economics as science rather than seeing economics as the study of capitalism. Explain what he means by this. Do you agree or disagree? Provide two examp..
This question asks you how an increase in productivity would change the steady state in a Solow model for education. Draw and label the graph. Now suppose that the country becomes more productive (better laws, new technologies, etc.). What curve or c..
Mirk Labs is a pharmaceutical company that currently enjoys a patent monopoly in Europe, Canada, and the United States on Zatab, an allergy medication. The global demand for Zatab is: Qd = 15.0 0.2P where Qd is annual quantity demanded (in millions o..
Illustrate what will be the most likely new equilibrium price level and output.
In what industry will a given percentage increase in production workers result in the largest percentage increase in output.
1. Assume that inflation is currently 4% but the Fed’s inflation target is 2%. if the economy is currently at full employment, what should the Fed choose as a target for the federal funds rate?
Suppose the U.S. president is attempting to decide whether the federal government should spend more on research to find a cure for lung cancer. He asks you, one of his economic advisors, to prepare a report discussing the relevant factors he should c..
The target rate of unemployment is defined as the absolute lowest rate of unemployment that can possibly be achieved, usually around 0%.
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