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Assume that there is a large increase in the demand for export. show the resulting short-run equilibrium on your graph. In this short-runequilibrium, is the unemployment rate likely to be higher or lower than t was before the increase in exports? Briefly explain
where L1 is the number of workers employed in Sector 1 and L2 is the number of workers employed in Sector 2. The total number of workers in the economy is 1,000. The only difference between the sectors is that in Sector 1 workers are paid their ma..
Distribution of costs and benefits Suppose that the government decides to guarantee an above market price for a good by buying up any surplus at that above-market price. Using a conventional supply-demand diagram.
Illustrate what is the tolal accounting cost. Illustrate what is the total economic cost. Elucidate why these are different in this way.
For a developing country to grow, it needs capital. The major source of capital in most countries is domestic saving, but the goal of stimulating domestic saving usually is in conflict with government policies aimed at reducing inequality
There are two types of consumers of potatoes: 10 are rich and 50 are poor.Interpret the differences between the demand of the rich and the demand of the poor.
Airway Express has evening flight from Los Angeles to New York with average of 80 passengers and return flight the next afternoon with average of 50 passengers. Should the airline remain in business?
consider an economy in whichc250.75y-t i 100-5r and g t 100.here r denotes the real interest rate prices are sticky
Two company face a demand equation given by: P=200,000-6(q1+q2) where q1 and q2 are the outputs of the two firms. The total cost equations for the two company's are given by:
imply a lower standard of living in every of the three nations compared to the situation where they are united into a single new country.
Elucidate whether demand for that products and/or services is relatively price elastic or relatively price inelastic and explain why.
Illustrtae the difference among concretionary and expansionary fiscal policy.
The question is belongs to Economics and the question is about the growth rate achieved by China in the last 30 years beginning from 1978 to 2009.
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