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Assuming that this is what is produced in each country (5 cars and 15 HD TVs), nothing more and nothing less, explain how both countries can benefit through trade. Again, be very specific in terms of identifying the gains from trade and how each country is better as compared to not trading at all.
You are running an experiment to measure the composition of Pop Rocks Candy. For your tropical punch trial, you measure
Explain the difference between a trade deficit, a current account deficit, and a balance of payments deficit.
Is there which you can do to hedge your bet. That is, is there some way to ensure that you won't lose all of your money in case the value of the franc plummets.
Suppose one economist believes the target rate of unemployment is 4.3 percent while another believes it is 5.5 percent. Using Okun's rule of thumb, by how much would you expect their estimates of potential GDP to differ in a $12 trillion economy
Illustrate what fiscal policy or policies would be the best to get it out of the recession
The government has set price ceiling on whatever the product is, so that there is a shortage. That industry complains to the government that the ceiling price is far below the equilibrium price.
What do we name the difference between the cost of bringing a product to market (how much it costs to create the product) and the price at which it is sold in a store.
Jason enjoys DVDs and spy novels and spends $60 a month on them. The price of a DVD is $20 and the price of a spy novel is $10. a. What is Jason's real income in terms of spy novel?
Why does the Department of Justice NOT investigate and block the many mergers of large firms that have occurred recently in oligopolistic industries
A. Calculate the total revenue at each price level. B. Calculate the price elasticity of demand between these two points. C. Is this demand elastic or inelastic? Explain how you know this.
Owners of common stock: are not actually part-owners of the corporation are allotted one vote per share owned at annual stockholder meetings are guaranteed a certain dividend payment each year.
What is the multiplier effect? What relationship does the MPC bear to the size of the multiplier?
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