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Gains of trade are possible for two countries if they have:
different opportunity costs.
different political systems.
identical political systems.
Assume the required reserve ratio is 10 percent and the FOMC orders an open market sale of $50 million in government securities to banks. Using the oversimplified money multiplier, the money supply could potentially:
The 1900 block of Kenyon St NW (my former home) has (approximately) 60 homes. 30 of the households really love streetlights, and each have a demand of QD = 10 − .5P.The other 30 households each have a demand of QD = 5 − .25P. Streetlights have a cons..
newsprint the paper used for newspapers is produced in a perfectly competitive industry. each identical firm has a
Discuss the differences between elasticity of supply and elasticity of demand answering the following equations:
A construction company purchased a bulldozer 5 years ago for $150K. It has been depreciated to a book value of $50K. The Caterpillar Company salesman has proposed replacing it with a new model for $160K. and taking the present bulldozer in trade for ..
You have a part time job that pays $8 per hour. Your manager has asked you to work 4 extra hours on Friday night, but you already have plans for dinner and a movie with a friend on Friday night. You value the Friday night activities more than the ext..
State whether the following actions will increase or decrease GDP:
q1. game theory colonel blotto has three partitions through which to defend 2 mountain passes. his challenger also has
Canadian Tire is one of Canada’s largest companies, with 57,000 employees and 1,200 stores and gas bars (gas stations) across Canada selling sports, leisure, home products, apparel; and financial services as well as automotive and petroleum products...
Assume that Ms. Thompson is currently exhausting her money income by purchasing 10 unites of A and 8 unites of B at price $2 and $4 respectively. Elucidate what these data suggest about Ms. Thompson.
You have just been hired as the controller of Land’s End Hotel. The hotel prepares monthly responsibility income statements in which all fixed costs are allocated among the various profit centers in the hotel, based on the relative amounts of revenue..
The overall population for Region A is 95 million people. The labor force contains 67 million people. 32 million people are employed, while 35 million are unemployed. What is the unemployment rate? Round your answer to the nearest whole number.
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