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If in agreement, identify two personal liberties that people should be willing to sacrifice. If in disagreement, identify two personal liberties that people should not be willing to sacrifice.
Draw a PPC with a bow and why it occurred, label all points and X & Y axis, show efficiencies and inefficiencies and describe with examples. Draw a supply and demand curve, label X & Y axis and show equilibrium. Show shortage and surplus and why they..
Mark, a U.S. citizen, buys stock in a British Shipping company. This purchase is an example of a. investment for Mark and U.S. foreign direct investment. b. investment for Mark and U.S. foreign portfolio investment. c. saving for Mark and U.S. foreig..
Explain the concept of countertrade. When does counter trade make sense? How does counter trade help solve the nonconvertability problem?
Estimate amount of former foreign-monopoly profit that is transferred as tariff revenue to home nation when home nation imposes tariff.
Who of the following people are considered unemployed according to official statistics? (Mark off ALL who are considered unemployed.) choose which?
Recall the looser pay winner auction experiment done in class. Discuss how these experiments explain why the bidders changed their minds toward wanting to bid well above the value of the prize, even though they refused to do so at the beginning.
Why are health and education so closely linked in the development challenge? What are the most pressing health and education challenges today? What is the supposed rationale for subsidizing higher education in many developing countries?
A struggling company currently has a total value of $700,000. It owes $500,000 from debt financing (assume these are loans from the bank if you wish). The value of the company to the owners is the difference between the total value and the amount owe..
Suppose Country A is a small open economy that takes world prices as given. What would be the effect on wages and rents in A if it were to experience an inflow of foreign capital? Use a diagram AND a table to convey your answer. Which groups would fa..
A profit-maximizing monopoly has pricing under the following conditions: the price charged for goods produced is $15, the intersection of the marginal-revenue and marginal-cost curves occurs where output is 105 units and marginal revenue is $10, and ..
Discuss an overview of Slovenia's international trade flows between the European Union (EU) and its major trading partners. Potential gains from specialization and international trade among Romania, Portugal, and Slovenia. Include opportunity cost di..
Can you think of another situation similar to the LeBron effect in which derived demand was created by something that happened in the external environment—something that caused other companies to sell their products to other businesses to meet new de..
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