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From 1981to 2005, Canada has experienced a sharp drop in private savings rates.
Many commentators, including high officials of the bank of Canada, have blamed the spending habits of the Canadian public for high interest rates. Are these commentators right?
This year at $8 per unit the firm supplied 100 units. What is most likely to have happened over the year?
Professionals require advanced training and experience, they must exercise discretion and judgment in the course
Define net exports and net capital outflow.? Explain the relationship among saving, investment, and net capital outflow.
In the aggregate expenditures model, it is assumed that:
Assume the CPI increases from 105 to 120 between 2008 and 2009. If a flash drive was $20.00 in 2008 and the real value did not change.
Steven consumes only two goods, both of which are normal goods. He is maximizing his utility in consumption of both goods. Now assume the price of one of the goods increases. How should Steven's consumption change?
Thoreau has preferences for consumption goods (C) and time spent on leisure (L). The utility function is u(C, L) = CL. The household also has a home production technology summarized by a production function. How much time will Thoreau spend in leisur..
Explain the various levels of economic integration. What level of integration has the European Union achieved? How will plans to create fiscal union change the relationship between member countries?
Chris has a utility function U(F,C) = 10FC , and joe has the utility function V(F,C) = 20F^2C^2 , where F and C represent the quantities of food and clothing? What is the set of market baskets that give Chris a utility level of 10? Draw the indiffere..
You are the manager of a large crude-oil refinery. As part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. The replacement and downtime cost ..
Is gasoline an economic complement of restaurant meal Are restaurant meals an economic complement of gasoline
Economic profit" is a theoretical concept used to help explain the behavior of firms in competitive markets.
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