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What changes in trade policy can be expected as countries such as China and India become increasingly influential in the global economy?
If the price of that product or service went up by 10% overnight, how would you adjust your behavior in the short term? How would you adjust your behavior in the long term?
Many historians have labeled the 1820s and 1830s as the "Age of Jackson" because Andrew Jackson's presidency greatly altered America's political landscape.
Below are events that might affect supply of money, the demand for money, or the interest rate. Explain how each event may affect these three economic variables.
In a simple economy, suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. Calculate gross domestic product from the following set of numbers. Show that the expenditure approach and the..
When deciding how much of their income to save for retirement, should workers consider the real or the nominal interest rate that their savings will earn? Explain.
You just opened a flower shop and are trying to understand pricing issues. You were told that elasticities are very important in determining prices and what products to supply, so you decide to investigate this concept.
George owns 1,000 shares of ABC common stock and 3,000 shares of Brightstar mutual fund. George elects to participate in Brightstar's dividend reinvestment plan, reinvesting his annual dividends and capital gains distributions
Define the term shadow prices and outline the challenges encountered in the determination of shadow prices.
Calculate openness as a percentage for Brazil and El Salvador. Explain how you calculated openness. Using a graph of Openness (as a percentage) versus time, explain in up to 100 words how openness has changed for these countries from 1995 to 2012. Ma..
How are the results the same or different? Explain why the results would be the same or different.
Provide your own definition of "opportunity cost". Discuss what the opportunity cost of attending college is for you, noting that the concepts of opportunity costs and explicit monetary costs are not the same.
Describe the types of trade barriers, their implications on the market and how international organisations act to restrict and regulate these barriers.
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