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Trade, comparative advantage discussion
Taking business personally: Would you have a higher consumption standard of living by self-sufficiently producing all the goods you and your family want to consume or by employing your labor time and/or entrepreneurship to their comparative advantage in the global market economy? Explain
Is Guatemala debt makes if the government runs a balanced budget in both a and b.
What is its sustainable growth rate. Illustrate what must its profit margin be in order to achieve its sustainable growth rate.
Suppose a production function is given by f(K;L) = KL 2 What combination of labour and capital minimizes the cost of producing any given output?
This solution shows graphically what could happens to quantity sold when a price ceiling or a price floor is imposed.
The advent of the one man bus involved more capital equipment: an automatically operated coin box and door control device - to name two of the capital goods that replaced the conductor."
How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.
Explain how can this be sustained if people switch over to high priced goods which causes employees and companies in the lower priced goods market to go out of business.
Starting with the reaction functions of duopolists Cournot solution algebraically.
Illustrate what are the basic provisions of a collective bargaining agreement. Explain the differences between meditation and arbitration.
Suppose planned investment falls by 100. Graphically illustrate using the AE-Y graph the effects of this reduction in planned investment on the economy. Also calculate the new equilibrium level of income.
A study sponsored by the American Medical Association suggests that the absolute value of the own price elasticity for surgical procedures is smaller than that for the own price elasticity for office visits. Explain why this would be expected
Illustrate what are the short-term and long-term implications of states disagreeing on recognizing marriages performed in other states.
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