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1. How is the GDP classified?
2. What is the value of the Chinese Yuan and how does it compare to the $ US? The Yuan fell 6.6 percent against the dollar in 2016, its biggest one-year loss since 1994, and many market watchers expect it to soften further this year , Forcing Beijing to burn through more of its foreign exchange reserves if it wants to stabilize it. What does this mean?
Which region appears to have a comparative advantage in producing cut flowers: Colombia or California? Explain. How have U.S. consumers of cut flowers been affected by the cutback in Colombian imports?
List three reasons that firms exist. Do any of the reasons imply that the command and control of centrally planned economies is the appropriate form? What are the similarities and differences between firms and centrally planned economies?
Explain in words how these tools will affect the aggregate demand, long-run aggregate supply, and short-run aggregate supply curves.
What is the equilibrium level of national product? What is the government's budget surplus?
Monopolistically competitive firms short run profits must necessarily be zero. Monopolistically competitive firms short run profits can be positive. Monopolistically competitive firms long run profits are always be zero. Monopolistically competitive ..
If Plonk and Brew operated in a Cournot oligopoly, explain how much output will each of them produce in equilibrium.
Boeing and these firms make decisions and pay their workers, investors, and raw material suppliers to influence what, how, and for whom goods and services are produced. All these decisions are made in self-interest, and produce an airplane at the ..
Advise your client of three ways in which he can mitigate against foreign exchange rate
Elucidate what would you recommend as a course of action, if any. For the industry you have chosen, discuss how price moves from today to the future.
Why is there so much advertising in monopolistic competition and oligopoly? How does such advertising help consumers and promote efficiency? Why might it be excessive at times?
In many ways, courts are expected to be apolitical institutions of government. In what ways are courts, judges, and justices shielded from political pressures? In whats ways are they vulnerable to political pressures? Are the courts appropriate place..
A large wood products company is negotiating a contact to sell plywood overseas. The fixed cost that can be allocated to the production of the plywood is $800,000 per month. The variable cost per thousand board feet is $155.50. The price charged will..
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