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Under what conditions could a country attain simultaneously both internal and internal balance using only a single policy instrument?
Consider the Heckscher-Ohlin theory and the Stolper-Samuelson theorem. What do they suggest about who the gainers and the losers are from International trade?
Suppose the government decides to impose a tax on gasoline and use the revenues to reduce income taxes in a manner such that consumers' income tax reduction equals the amount of gasoline tax paid. Using indifference curves and budget constraint analy..
Over the past two days the contract has settled at $2.20, and $2.22. How much have you made or lost?
Name two macroeconomic variables that decline when the economy goes into a recession.
Defend the following terms using graphs or equations to illustrate your answers wherever feasible. Portfolio feasible set, efficient portfolio, efficient frontier. Indifference curve, optimal portfolio. Capital Asset Pricing Model (CAPM) Capital Mark..
What is the effective rate of protection for the domestic MP3 player industry following the imposition of a 20 percent tariff on the imports of MP3 players. The cost of material inputs used in production of MP3 players in the country is $100 per unit..
According to the traditional view, in what direction is the slope of the production function, with capital per worker on the horizontal axis and output per work
What are the advantage and disadvantage of the Gold Standard?
What is Gerschenkron's view about the importance of historical timing in economic development?
If the firm finances debt externally but use retained earning to support equity financing, according to the target debt- equity ratio
If the demand for cookies increases due to an increase in consumer income, and if, at the same time, increases in price of dough cause the supply of cookies to fall, the price of cookies will?
In this economy we have an MPC equal to 0.80, Autonomous Consumption of $600 billion, Planned Investment (I) of $1,000 billion, Government Spending (G) of $1,200 billion and Net Taxes (T) of $1,000 billion. Determine the Equilibrium level of Aggregat..
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