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Assume Nebraska and Virginia each have acres of farmland. The following table gives hypothetical figures for yield per acre in the two states
Nebraska Virginia
wheat 9 5
cotton 7 2
who has the absolute advantage in the production of wheat?
who has the absolute advantage in the production of cotton?
Beginning in 1994, environmental regulations have required that gasoline contain a new additive to reduce air pollution. This requirement raised the cost of gasoline. The Bureau of Labor Statistics decided that this increase in cost represented an..
mechanical aspects of conducting fiscal and monetary policybriefly explain the tools that governments have to move the
The function y_1(t)=t^2 is a solution of the differential equation t^2y''-2y=0 ,Find a second linearly independent solution. Use the reduction oforder method. DO not use the formula.
In friedman's interpretation of the philips curve, an expansionary monetary: 1.increase both inflation and nominal output in the short run and long
The size of the worker force in a community these folks are gainfully employed What is the unemployment rate.
Why would the Federal Reserve have a difficult time responding to a negative real shock?
If each security guard is paid $200 a week, and the cost of the stolen radio is $25, how many guards are needed to hire?
Assume the marketplace for milk. For each of the following events, state whether it affects supply or demand (or both, or neither), which direction supply/demand shifts.
The other event is the successful effort in Wisconsin to curb the power of labor unions representing State workers in that State. Similar efforts have been made in other States. In Wisconsin, workers have been forced to give up most rights to barg..
Elucidate the own price elasticity for ATM fees charged to non-customers. At the current ATM fee, should you raise or lower your ATM fees.
gm announced that it will close its oshawa truck plant in 2009 and a windsor transmission plant in 2010. ford
Explain the concept of externality. What does it have to do with the efficient allocation of resources?
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