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Problem
Suppose the U.S. imposes a trade embargo on North Korea in order to exert political pressure on the government. Consider how the embargo will affect U.S. producers. Under what conditions would they support the embargo? Why might they oppose it?
Suppose Country A can produce 200 toys or 400 pineapples per day, while Country B can produce 300 toys or 900 pineapples per day. Where do the comparative advantatges lie? Should trade take place?
ECO101 Microeconomics - What is the income elasticity of demand? How can it be used to determine whether a good is a normal good or an inferior good? What is the cross-price elasticity of demand? How can it be used to determine whether two goods a..
Consider a Stackelberg game with three firms (1, 2 and 3) where firm 1 moves first and firm 3 moves last. What quantities will they choose if they have zero costs and the demand curve is p = 100 - q
What is the marginal physical product of the fifth worker? What is the weekly wage of the fifth worker? What does the price of output need to be in order for the firm to profit from hiring the fifth worker?
Give a graphical representation of the trend in inflation and unemployment in terms of unemployment for the period 1983 - 2011. Comment outcome.
Suppose that the Fed's inflation target is 2%, potential output growth is 3.5%, and velocity is a function of how much the interest rate differs from 5%: %^V= 0.5 X (i-5). Suppose that a model of the economy suggests that the real interest rate is..
Consider a computer system with both segmentation and paging. When a segment is in memory, some words are wasted on the last page. In addition, for a segment size s and a page size p, there are s/p page table entries.
In a sample of 1000 US adults, 186 dine out more than once per week. Two US adults are selected at random from the population of all US adults without replacement. Assuming the sample is representative of all US adults complete parts a through d
Market fluctuations and the forecast of the European Central bank with regard to short term rate fluctuations and inflation from 2004 to 2010.
Bank A offers a nominal annual interest rate of 7% compounded daily, while a bank B offers continuous compounding at a 6.9% nominal annual rate. If you deposit $3,000 with each Bank, what will be the difference in the two bank account balances after ..
Discuss John Maynard Keynes' contribution to the theories of Macroeconomics. Why was he such an important economist.
Where can an ATA CD-ROM drive be connected in a computer with an eide adapter?
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