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Why does an oil price shock cause the business cycles of different countries to be synchronized? Why did the business cycles of major industrial countries become unsynchronized during the 1990s? What mechanisms lead to the international transmission of economic shocks? Explain the basic means by which the transmission occurs.
What causes the fall in the marriage rate, the rise in the divorce rate, and the fall in the birth rate? Why?
What are the goals of each factory in order of value: Freedom, equity, growth, security, efficiency)? Explain why.
Illustrate with the help of a diagram the effects of a tariff imposed on an imported good. On your diagram, illustrate the deadweight loss resulting from the tariff.
What are the main sources of government revenues? Describe in detail the main expansionary fiscal policy tools that the government
Read the Making the Connection short case titled Adam Smith's Famous Account of the Division of Labor in a Pin Factory in Chapter 11 of our textbook
q1. assume that the total cost of producing pizzas for the typical firm in a home town is given by cq 2q 2q2. thus
The actual reason that banks must hold required reserves is: LO33.2 a. To enhance liquidity and deter bank runs. b. To help fund the Federal Deposit Insurance Corporation, which insures bank deposits. c. To give the Fed control over the lending abili..
The social marginal cost of the production of snowmobiles
Which of the following is one of the differences between the Articles of Confederation and the new Constitution created during the Constitutional Convention in 1787?
There are two firms in a market. Assume the demand function in the market is Q=100-P. Each firm has MC=AC=20.
Describe the general characteristics of oligopolies. Describe the economic characteristics unique to the airlines
State differences between the null and alternative hypotheses, and rejection rules, using p-values, with respect to those associated with the coefficients
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