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In the specific-factors model, an increase in the price of manufactured goods will cause: A. a decrease in the nominal wage in the manufacturing sector. B. an increase in the real rental of capital. C. a decrease in the real rental of capital. D. no change in the real rental of capital.
When it comes to the tobacco industry, discuss if you believe it is possible for a company to cater to both its best interest and that of the consumer conjointly or if one always has to prevail.
In year 2013, the population of island I is 210, 000 people, of which 150,000 are aged 16 or older. Of this 150,000 people, 100,000 have jobs (50,000 do not). 30,000 are separated but actively seeking employment and there are 20, 000 who have given u..
Two processes can be used for producing a polymer that reduces friction loss in engines. Process T will have a ?rst cost of $750,000, an operating cost of $60,000 per year, and a salvage value of $80,000 after its 2-year life.
Suppose the government imposes a price ceiling of $50 on a market characterized by the following information: Qd=700-2p Qs=100+4p Calculate the magnitude of deadweight loss form the price ceiling. Find a price floor that will result in the same magni..
How is the effectiveness of team selling demonstrated by the Reynolds team, and what are some of the vantages to this method in this particular case?
Consider an economy described by the production function: Y = F (K, L ) = K1/2L1/2 where the depreciation rate is δ and the population growth rate is n. Find the per worker production function. Find the steady-state capital stock per worker as a func..
Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following?
Consider the situation of an inverted yield curve. What does this mean? Why is it unusual? Under the theories of the term structure, why is an inverted yield curve considered bad news for the economy?
During the fall 2012, public school teachers in Chicago went out on strike over, among other things, salary and pay systems, performance reviews based on standardized test scores, and job protection for laid off teachers. Some people argued that the ..
How would Cost-of-Living Adjustments weaken the ability of the central bank to exploit the trade-off between inflation and unemployment?
The economy is operating beyond the full employment output level, thus producing rapid rise in prices of goods and services. The Fed is concerned about high inflation rates. The curb inflation, the Fed shifts to a more restrictive monetary policy by ..
Which of the following statements is not correct about the U.S. monetary system?
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