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Question: What are pros and cons of having a fixed exchange rate and floating exchange rate? Please provide the complete solution of this problem.
If the production function is Q = K1/2L1/2 and capital is fixed at 100 units, then the marginal product of labor (MPL) will be?
How would you collaborate with managers in other sections to determine future human resources needs?
J. M. Keynes wrote.” If the Treasury were to fill old bottles with banknotes, Bury them in disused coal mines, and leave it to private enterprise to dig the notes up again, there need be no more unemployment and the real income of the community would..
Let the market for cigarettes be characterized by the following information: Calculate the tax revenue in the post-tax equilibrium. Calculate the change in consumer surplus due to the sales tax. Calculate the change in producer surplus due to the sal..
What are your opinions on the proposed solutions and new policy framework? Do you have any suggestions?
The industry demand curve for a particular market is: Q = 1800 - 200P. The industry exhibits constant long run average cost at all levels of output, regardless of the market structure. Long run average cost is a constant $1.50 per unit of output. Cal..
Consider the ultimatum game in which player 1 (the proposer ) is given $10. He proposes a split of the $10 between him and player 2 (the receiver ). Player 2 then chooses whether to accept or reject the offer. If he accepts, the game ends and each pl..
Define the terms “globalization,” “comparative advantage,” and “outsourcing.” Discuss how globalization and the economic concept of comparative advantage relate to the practice of outsourcing.
Consider the following model of price competition. Two firms set prices in a market whose demand curve is given by equation: Q=6-2. Where p is the lower of the two prices. If firm 1 is the lower priced firm, then it is firm that meets all of the dema..
Explain how does economists distinguish between the absolute and relative sizes of the public debt.
1. What are the four main categories of resources? Explain each of them. 2. (a) Explain what happens in the simple circular flow diagram?
1. Does the Federal Reserve or the federal government set interest rates for our country? 2. What are the two (2) fiscal policy tools used by the federal.
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