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Question: A decline in foreign demand for U.S. goods: Suppose the European and Japanese economies succumb to a recession and reduce their demand for U.S. goods for several years. Using the AS/AD framework, explain the macroeconomic consequences of this shock, both immediately and over time.
Discuss at least 3 reasons why and how workers become unemployed (be specific about causes), and also cite 3 reasons unemployed workers finally land new jobs or get rehired.
Discuss the economic, social, and cultural reasons for differences between the population densities in these two regions. Evaluate the polices of the DN with those of the LDN you chose as they relate to reducing the population/fertility rates. Explai..
If specialization and trade as discussed in this chapter lead to a win-win situation where both countries gain, why is there often opposition.
Illustrate what happens to the supply of new homes. What happens to the demand for new homes.
If you wanted to sell a good or service to customers in other countries, what sorts of items do you think you could export
Calculate the yearly approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations?
Country A has twice as many workers as Country B. Country A also has twice as much physical capital, twice as much human capital, and access to twice as many natural resources as Country B. Assuming constant-returns to scale, which of the followin..
Firm A is the sole producer of a sport drink. A's marginal cost is MC = 30, and it faces market demand given by inverse demand functionP = 100 - 0.5Q. What is the monopoly quantity and monopoly price? What is the monopoly DWL?
Do you think it is correct for the European Commission to restrict mergers between American companies that do business in Europe? (For example, the European Commission vetoed the proposed merger between WorldCom and Sprint, both U.S. companies
Explain how will the quantity of aggregate output supplied respond to the fall in prices. What will happen when firms and workers renegotiate their wages.
Explain how does the economist's use of the term rent differ from everyday usage.
Problem: Explain the impact of ICT in economic development?
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