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Q. New manufacturing technologies are often viewed as labor saving in nature. Using a production possibilities frontier with manufactured capital goods on one axis and labor-intensive goods on the other axis, illustrate and explain how the introduction of the labor-saving innovations in manufacturing would shift the PPF. What type of production effect would occur at constant world prices (with the country being an exporter of manufactured capital goods)? Would the labor-saving innovations contribute to the economic welfare of this country or to that of the importing country?
Estimated regression equation for which quantifies the demand for Widget
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
Federal Reserve lowers the required reserve ratio from 0.10 to 0.05. How does this affect the simple money multiplier.
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
What is the opportunity cost of Josephine's trip to the wedding
Enterprises conduct business transactions with other enterprises for a number of economic, business and strategic motivations.
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
Under oligopoly, if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
The manager of a large automobile dealership who wants to learn more about the effectiveness of various discounts offered to customers over the past 14 months
What combination of T and M will you choose? Suppose that the price of day trip rises to $80. How will this change your decision making?
Suppose that the participation variable, voucher, is completely randomized in the sense that it is independent of both observed and unobserved factors that can affect the test score.
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