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Consider the market for automobiles, and draw representative supply and demand curves.
a.Suppose that the price of gasoline rises, and at the same time, the price of steel (an input to automobile production) falls. Show this on your graph. If you have no other information, illustrate what can you say about the change in equilibrium price and quantity?
b.Now suppose that you have the additional information that the rise in gasoline prices has been relatively large, while the reduction in steel costs has been relatively small. How would this change your answer to (a)?
Consider we did technological change in the class where it does contribute to one side of the production use that to understand the problem.
How does the real wage rate at point c compare with the real wage rate at point a. How do nominal wage rates compare at those two points.
If you were to draw the two nations' PPF's on the same graph, elucidate which would be farther to the right.
Assume that there are 10 million workers in Canada also that each of these workers can manufacture
Economists argue that the move from barter to money increased trade and production. How is this possible.
Illustrate what role does weak financial regulation also supervision play in causing financial crises.
If the Federal Reserve adopts a restrictive monetary policy that leads to relatively high interest ratesin United States, what happens to the demand and supply of foreign currency and the dollar's exchange value.
If the college charges all students the same tuition, illustrate what tuition can it charge to cover all of its costs.
Based on the IRS actuarial table, Mario has a life expectancy of 20 years. If Mario receives 12 monthly payments of $1000 the first year, how much taxable income must he report on his tax return.
What must the CFO expect about the Australian Dollar/US$ exchange rate 1 year from now if she chooses to invest in the US $ CD's instead of the Australian CD's.
Interior Department recently announced that it will increase the entrance fees at Yellowstone National Park in order to increase park revenues.
Considering companies operate in their own self interest, should cartels be legal.
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