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Assignment:
Questions:
Because of the War of the Ring, the price of a sword went up to $150. Calculate new wage and employment level in each sector. (c) Do Hobbits gain or lose if the price of a sword goes up to $150? (To answer the quest..
What is the goal of the European Union?
According to your textbook, what are the stages of the market cycle? According to Austrian Economics what are the primary causes of the boom and bust cycles? What are the primary causes of the leakages in the Market system?
Respond to the charge that immigrants flood the labor market and drive down wages in the US. Why are cartels unstable and why do they often fail?
Japan and South Africa are major trading partners. Indicate and explain how an increase in real GDP of South Africa will affect the demand for the Japanese yen in the foreign exchange market
let b1hat and b2hat denote the estimated regression coefficients from a sample of size n for y x1b1 x2b2 u.show that
Find a news article (or video) about a current controversial topic. The topic can be from politics, public policy, sports, science or other areas.
Discuss how GDP is used to evaluate the business cycle.
A producer produces good y using a single input x according to the production function y=x^a where 0
The World Bank is currently advising newly industrialized nations on how to increase growth and they have asked for your help.
What are some examples of international commodity agreements? Why have many of them broken down over time?
Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run.
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