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International trading system, unequal economic size question
Questions I need some help with:
1.Who gains more from trade when nations are of unequal economic size? Give an example.
1.What are the two main challenges of the international trading system? How have these concerns been negotiated among trading partners?
hat is your expected utility without insurance? Suppose you can buy insurance that will cover the medical expenses but not the foregone part of your salary. How much is an actuarially fair policy, and what is your expected utility if you buy it?
When McDonalds Corp reduced its price of the big mac by 75 percent-Using your knowledge of game theory, what do you think disrupted McDonald's plan?
Monetary approach, elucidate the process by which a balance of payments deficit is corrected under a flexible exchange rate system?
Illustrtae what should the arbitrageur do. Suppose that the cost of storing gold is zero and that gold provides no income.
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
One basic popular voting scheme is rank-order voting, where individuals assign a rank (1,2,3) to the possible alternatives; the assigned ranks are then added up and the alternative with the lowest sum wins. Consider a choice among the 4 alternativ..
How do you explain and predict hospital behaviors if using the utility-maximizing
Compare and contrast the strengths and weaknesses of today's Federal Reserve operating procedures and monetary decision making policy.
A monopolist has a constant marginal and average cost of $10 and faces a demand curve of Q D -Calculate the monopolist's profit maximizing quantity, price and profit.
Illustrate what is the present rate of unemployment and the current rate of inflation
Describe what do you mean by the price elasticity of supply.
Consumption accounts for about 60% of GDP, while investments accounts for about 20% for GDP. But many economists think that, to understand economic recession, it is more significant to look at investment than consumption. Why?
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