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Identify three goods for which your demand is elastic or inlastic? What accounts for the differences in easticity? Would everyone's demand easticily for these goods be about the same? Why
Select a country other than the USA that is a member of the International Monetary Fund. Does this country participate in a regional monetary system to manage exchange rates? How have inflation and interest rates affected the nation’s exchange rate w..
Consider the following model of international migration. The potential migrants originate in country 0, the source country. Suppose the distribution of skills in the source country uniform over the closed interval [1, 100]. That is, worker 1 has 1 ef..
What are some of the general skills that all project team members should have for project success?
In 1980, per capita GDP of Rwanda was about $728 and in 2010 about $1,025. Calculate the average per capita GDP growth rate of Rwanda from 1980 to 2010.
If the government increased spending to help education, would it shift the aggregate demand, supply, or both curves?
Explain the rationale for the French oil giant Total, Canada's Nova Chemicals and Austria's Borealis joint venture.
Suppose that the Government wants to augment the level of national savings in the economy and institutes a policy to reward savings behavior. Hence, borrowers face a real interest r as always, but lenders receive r(1+s) on their savings, where ‘s’ is..
Demand is defined by P=250-2Qd. Suppose that marginal cost is MC=Q where Q is the quantity produced by the monopoly. Find the monopoly quantity. Find the monopoly price. Suppose that there are NO fixed costs. Find profits corresponding to monopoly pr..
The price elasticity of demand for Pete's chocolate chip cookies is 1.5. Pete wants to increase his total revenue. Would you recommend that Pete raise his cost or lower his cost of cookies. Explain your answer.
The last American niobium mine closed in 1959, and all U.S. niobium is now imported from other countries. This is bad for the United States because the U.S. must give money to other countries in order to obtain niobium. bad for the United States beca..
Which of the following methods will NOT help managers develop a global? mindset?
As a result of the recession that began in 2007 and continued into 2009, the unemployment rate rose to as high as 10 percent. By the time of the congressional elections of 2010, the economic recovery was under way, but the unemployment rate was still..
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