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Which of the following is the most accurate statement?
a) Americans are very willing to buy domestically produced goods, even if there are more expensive than imported goods.
b) We import more foreign goods than we did 40 years ago, but the merchandise imports are still about the same percentage of our GDP.
c) In the decades following World War II, the Japenese consumer has strongly favored domestically manufactured goods over imports.
d) America has maintained its technological lead.
Is there a difference between the moral hazard and principal-agent problems? If yes, explain the dif- ferences and give an example of a situation where one of them exists without the other. If there is no difference, argue this is one and the same pr..
The Encomienda system was?
q.pluto inc has a beginning cash balance of 430 on february 1st.the firm has project sales of 600 in january 800 in
calculate the change in welfare compared to the free market outcome (i.e., in the absence of minimum wages). Is this a welfare gain or a loss?
Assume that the economy's real GDP is growing. what will happen to money demand over time? If the Fed leaves the money supply unchanged, what will happen to the interest rate over tiem? If the Fed changes the money supply to match the change in money..
In the early 1980's President Reagan and Prime Minister Margaret Thatcher promoted neoliberal ideas to unleash new investments and economic growth. What was the basis of many of these policies and how well does it work today?
If 188 countries of the world issue their own currencies, and all of these currencies are traded in free open foreign exchange markets, how many exchange rates are there in total? How many so-called fundamental exchange rates are there, where the ter..
Trace the development of the labor theory of value from Adam Smith through David Ricardo to Karl Marx. What was the major contribution of each of the three economists to the development of the labor theory of value? What were the principles problems ..
If producing a good generates pollution (a negative externality), from a social perspective ...
As firms enter a monopolistically competitive industry, the existing firms' demand curves will: A Nash equilibrium occurs when:
For a profit maximizing monopolist, _____. In contrast, for a profit maximizing perfectly competitive firm, _________.
Suppose an industry has 100 firms, each with supply curve P = 50 + 10Q. Furthermore, suppose the market demand curve is given by P = 200 - 0.9Q. What is the industry supply curve?
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