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Can you identify the consequences of a strong dollar or a weak dollar in the United States? which direction do you prefer for the overall health of the American economy? Should the U.S take measure to ensure that the dollar retains its dominant role in global economy?
Adam Smith discussed how nations could benefit from trade, known as absolute advantage. What was David Ricardo’s improvement on Smith’s theory? How does it differ?
For the following question, assume Food is graphed on the vertical axis and Clothing is graphed on the horizontal axis. Suppose Ann's marginal rate of substitution between Food and Clothing is -3. Also, Bill's marginal rate of substitution between Fo..
Show on a graph the market supply of labour considering the graphs of willingness to work and ability to work? and what happens to the labour supply when the willingness to work and ability to work changes?
An individual must decide whether or not to pursue a business opportunity. If he does pursue the opportunity, then he will get a $20 profit if the business is successful and a $10 loss if the business fails. Apply the maximin and minimax regret crite..
A consumer spends more time searching for a good when her reservation price is:
How much would Wyandotte have to reduce the price of polyol to achieve a 15 percent increase in the quantity sold?
Describe the purpose of ecumenical services and interfaith initiatives. What importance, if any, does dialogue between the various faith traditions have? Find one example of either an ecumenical service or interfaith initiative in your town or city a..
The FOC and local SOC for the firm's optimization problem can be used to prove the law of supply, meaning exactly: if the firm supplies a positive quantity at the current market price, then at a higher price it will supply a larger quantity.
Illustrate what might account for these trends. Compute currency in circulation as a percentage of M2.
The given utility function is U= 100 Qt 0.5 Qc 0.5, the individual’s dual problem is to minimize E=Pt Qt +Pc Qc (show all the works and steps) What is the compensated demand function for Qt? What is income elasticity for good Qt? What is own price e..
The market allows for proportional representation of minorities, but minorities must yield to the views of the majority when activities are undertaken through government.” In your own words, explain the meaning of this statement. Is the statement ..
Producer surplus is the...
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