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Question
Consider a demand-determined model, with a marginal propensity to consume of 0.80, a marginal propensity to import of 0.30 and a tax rate of 0.25. How much of an increase in economic activity would be generated by a $240 million increase in government spending?
The difference between the comparative advantage theory and the factor proportions theory is that the factor proportions theory? ________.
What has been the role of Immigration in Canada's Labour Force? Does Canada's Labour Force need immigrants?
If economists wish to determine relative factor abundance across countries, why don’t they simply calculate w/r ratios across countries and then compare these ratios?
Explain the Summary of Benefits and Coverage (SBC) and the Consumer Operated and Oriented Plans (CO-OPs) established by the ACA.
Using the Lagrangean multiplier approach calculate the optimal (i.e., service maximizing) combination of medical and social worker staff.
In preparing the actual forecast numbers, the forecast staff should
If the exchange rate between the Mexican Peso and the U.S.$ is 3 Pesos=1$. If this rate changed to 2 Pesos=1$. Are the Mexican exports cheaper or more expensive due to this change? What can the Mexican policy makers do to return to the initial exchan..
Assume the US market of sunflower oil was described by the following domestic supply and demand equations: QDUS = 5000
Explain the fiscal and monetary policy implications of relationships identified by theshort run Phillips curve and the long run Phillips curve.
Summery and discuss some issue related to Great recession - This is labor economics. Essay should related to labor economic.
Consider a firm for which production depends on two normal inputs, labor and capital, that are not perfect complements. Initially the firm faces market prices of w = 10 and r = 8, for labor and capital. These prices then shift to
Was there a production gap when Kennedy assumed the presidency in January 1961? How large was it? Assume a GNP growth rate of 3.3% starting in 1955 and project forward using Excel document. What were the critical economic issues (and assumptions) of ..
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