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Q. Word report advising: The President of Rodamia making recommendations for international trade. Address the following: • List at least one advantage and one limitation of international trade you encountered in the simulation. • Define absolute and comparative advantage in your own words. • Elucidate Explain how absolute and comparative advantages were used in your simulation.• Describe the influences affecting foreign exchange rates
Q2. The dilemma facing the Federal Reserve in the event that an unfavorable supply shock moves the economy away from the natural rate (i.e., long-term trend) of output and employment is that monetary policy can either return output to the natural rate, but with a ______ price level, or allow the price level to return to its original level, but with a ______ level of output and employment in the short run.
If it had doubled its land as well as labor, production would have been 325000 bushels. Does it have increasing, decreasing or constant returns to scale.
Compute GDP for Joe using both the product and income approaches and show how they must agree.
Does the lender gain or lose from this unexpectedly high inflation. Explain does borrower gain or lose.
Assume that every driver faces a 1% probability of an automobile accident every year. An accident will, on average, cost each driver $10,000.
Explain why purchasing power parity measures of income levels tend to show smaller differences between poor and rich country
As a manager, Explain how would you decide Explain how many workers to hire. Illustrate factors might play a role in your decision.
If the returns of the risky portfolio are normally distributed, what is the probability of returns being less than 29%.
Illustrate what can you conclude about the structure of the industry in which this firm is operating.
Find the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the C.I.
Devise a hypothetical business situation in which buying a look back.
If Live Theaters charges one price to all patrons, what would it be. Illustrate how many customers would it serve.
State two economic principles of taxation and which principle best justifies the excise tax on gasoline, when the tax revenue is used to maintain or improve the roads.
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