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Due to an "agreement" in OPEC to cut supply, prices have rebounded to the 50's. How does "marginal economics" factor into these changes? What are the motivations of the different suppliers as prices change?
The real exchange rate approach to exchange rate determination is based on: q$/€ = R$/€ × PEU PUS or R$/€ = q$/€ × PUS PEU a) Given PUS = 115, PEU = 105, and R$/€ = $1.35 per euro, compute the real exchange rate. write an equation to show a formula f..
Your group of rural cabin owners is considering a small renewable energy project that would average 100 kW of output year-round, with an expected lifetime of 20 years. The project has a capital cost of $280,000, and a salvage value of $30,000. The co..
1. Why are the concepts of own and cross-price elasticities of demand essential to competitor identification and market definition?
One of the requirements to qualify as a holder of a negotiable bearer check is that the transferee must
Why did Jackson and his followers insist on the removal of Indians from the Southeast (and places like soutwest Georgia)? What kind of society replaced that of the Creeks, Choctaw, Tuskegee, Seminole, and Apalachee?
The supply of bottled spring water is very inelastic, but the demand for it is somewhat elastic. What does this imply about the incidence of a tax? Illustrate with a diagram.
Suppose a firm expects that a $40 million expenditure on R&D in the current year will result in a new product that can be sold next year. Selling that product next year would increase the firm’s revenue next year by $60 million and its costs next yea..
A friend of yours has just returned from desert island where she was stranded alone since January 2009. Having completed Econ. 104 just prior to arriving on the desert island (and being naturally curious), Is international trade more or less importan..
(a) Alalyze full the assumption of "homocedasticity" of a CLRM. Moreover, which are the differences wit heteroscedasticity? (b) Analyze fully the assumption of specification bias and use an example to show your intuition.
Consider an economy is which taxes, planned investment, government spending on goods and services, and net exports are autonomous, but consumption and planned investment change as the interest rate changes. Compute the value of the marginal propensit..
What are the causes behind financial crises? Why do these events keep repeating throughout history?
Select a country and research the impact of trade on jobs in that country. Has international trade lead to an increase in the unemployment rate in the country? Which export industries have created jobs? Which import industries have lost jobs? Need ci..
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