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Critically evaluate the importance of international regime theory in current times.
If economists wish to determine relative factor abundance across countries, why don’t they simply calculate w/r ratios across countries and then compare these ratios?
With regard to globalization is it your contention that as countries become more technically capable they represent a bigger threat to US companies? Wouldn't the US be able to capitalize on creating the technologies that enable this?
The marginal cost pricing model calculates a markup over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?
Consider the problem of the apple farmer. In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed u..
1. Does the Federal Reserve or the federal government set interest rates for our country? 2. What are the two (2) fiscal policy tools used by the federal.
What method do economists feel is the best way to solve this problem? Illustrate the effects of that policy on the graph.
A monopolist operates in an industry where the demand curve is given by Q=1000-2p. The monopolist's constant marginal cost is 8 dollars. What is the monopolist's profit maximizing price? How much does the monopolist produce? What are its profits?
Suppose that you are in a committee meeting of the United Nations
Economic growth does not depend on how much people save or businesses invest, only on how much they consume. Which of the following is NOT included in our calculation of GDP? Suppose a farmer buys $100 worth of seed, $50 worth of fertilizer, and $100..
If he elects to quit and keep the $150,00 is he considered risk averse? Why?
q.in the cagan model if the money supply is expected to grow at some constant rate m sothat emt s mt sm then equation
A business produces 5,000 units per month. It spends $12,000 on raw materials and pays wages of $20,000. Other costs include $50,000 for rent, paid monthly. In order to break even the selling price per unit will have to be:
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