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Provide an original example of perfect substitutes and perfect complements.
Why is international trade a win-win game? How does the gains exceed the losses? Cite sources.
Assume that the inflation rate during the last year was 1.53%. US government T-bills had the nominal rate of return of 4.19%.
Describe the benefit and alignment of outsourcing services on organizational culture. Describe how a company can align the client experience.
Suppose the current price of oil is $120 per barrel. At its next meeting, OPEC decides to increase crude oil production by 10%. Assume that OPEC accounts for 40% of the world's supply of crude oil and no other nation changes its oil production during..
What services do you predict Bangalore India exports and what services do you predict it imports.
Suppose the price level and the value of the dollar in Year 1 are 1.0 and $1.00, respectively. If the price level rises to 1.50 in year 2, what is the new value of the dollar? If instead the price level had fallen to 0.75, what would have been the va..
In accordance with the law of supply, if the price doubled, the quantity supplied would generally ______. A shift in the supply curve for gasoline in the United States would result if _______. A typical demand schedule shows higher sales at lower pri..
Workers make the supply decisions in labor markets, but firms (represented by hiring managers) make the demand decisions. Will firms want to hire more workers or fewer workers when the wage rate rises? What are some techniques employers can use to ..
Using a demand/supply diagram, illustrate and explain the effects of the imposition of an export tax on a good Y by a home country’s government on (i) the home country’s consumers of Y, (ii) the home country’s producers of Y, and (iii) the home gover..
What is the total payment to capital in the manufacturing sector? What is the total revenue (price x quantity) of the agricultural sector? Suppose that the price of the manufactured good rises by 20% with no change in the price of the agricultural go..
Demand for money holdings are. One result of a successful contractionary monetary policy would be. Assume the reserve ratio is 20 percent and Federal Reserve’s buys $4 million of Treasury bills from the public. The public places these new deposits in..
The base year is 2009. Real GDP in 2009 was $10 trillion (2009 dollars). The GDP price index in 2009 was 112, and real GDP in 2013 was $11 trillion (2009 dollars). Calculate nominal GDP in 2009 and in 2013 and the percentage increase in nominal GDP f..
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