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International trade has been a great boon for many countries and, in general, has been more beneficial for the world than not. However, there are both costs and benefits associated with international trade. Present and discuss two advantages of international trade for the United States and two disadvantages of international trade for the United States.
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing. Use well-structured sentences, audience-appropriate language, and correct conventions of standard American English.
Assume that wages and prices are sticky and that we start at a long-run equilibrium. What is the inflation rate at the initial long-run equilibrium (the point where we start)? After the negative real shock, what is the level of expected inflation for..
While Bob was walking in the park, he found a $ 100 bill. Not finding the owner, he decided to deposit it in his checking account. The banks have no excess reserves and required reserve ratio is 20 %. How did it change M1 initially? How much money ca..
Create a price index for a group of New York Jets fans consuming the following market basket of goods. Use 2010 prices as the base year.
Describe the growth of the economic role of the federal government since the 1930s. Give two examples of public goods or services that you use. If you could order a cut of $100 billion in federal spending, which programs would you cut and why would y..
When we look at the ease to enter the different market structure, there is no doubt that 'monopoly' is the hardest. Why?
Define national income as total income of all capitalists in a country plus total income of all workers (including immigrant workers) in the same country. Per capita income is defined as national income as defined above divided by all people in the c..
If GDP deflator for the year 2014 and 2015 are 105 and 108 respectively, then calculate the increase in price level between 2014 and 2015.
What are the 5 key determinants of price elasticity of supply. Use examples to explain your answer.
Compute the average sales price per case for this product during the last quarter? Round your answer to two decimal places.
According to FRED, the consumer price index in January 1979 was 68.5, and the consumer price index in January 1980 was 78. What was the inflation rate over this
Illustrate what is the probability the driving distance for one of these golfers is less than 290 yards. What is the probability the driving distance for one of these golfers is at least 300 yards.
Use regression analysis (JMP: Analyze>Fit Y by X …. and from the scatter plot click on the red triangle and select Fit Line) to test the hypothesis that there is a positive (direct) relationship between “stem length” and “wet weight”. What does the R..
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