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Consider what the domestic price that prevails without international trade tells us about a nation's comparative advantage.
Consider how to define what a tariff is and its economic effects.
Consider the difference between the unilateral and multilateral approaches to achieving free trade. Be prepared to give an example of each
JET FAB bought a CNC laser cutting machine at a cost of $400,000 to meet the specific needs of customer that had given a 4-year contract with the possibility of extending the contract for another 4 years. Consequently, the company ended up selling th..
1) Draw an "aggregate supply-aggregate demand" diagram that shows an economy suffering from high levels of unemployment.
If the objective is to increase total revenue, should the price be increased or decreased, Explain.
Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits?
What factors underlie whether specialization in production will be partial or complete on an international basis.
Suppose stocks A, B and C have the same expected return and standard deviation. The correlations of returns are given as follows Corr(A, B) = 0.7, Corr(B, C) = −0.3 and Corr(A, C) = 0.2. Find the weights on each of these stocks (they need to add up t..
Let s be the savings rate, δ the depreciation rate and the production function be: y = Aka. If the share of labor is 2/3, calculate the steady-state value of k for each of the following: the product function is in per capita terms. Explain what the m..
Provide a written definition of the output supply curve, Ys . Graphically derive the output supply curve, Ys , for the real intertemporal model with investment (the model from Lecture Note 9). Be sure to show all graphs and all work. Provide a writte..
Suppose that all of the numbered diamonds and spades from a deck of cards (excluding Ace, King, Queen, and Jack) are used to set up a market. The diamonds determine demands, e.g., a 10 represents a buyer with a redemption value of $10. Graph supply a..
The 3 tools for conducing monetary policy are changing reserve requirements, changing the discount rate, and open market operations. Elucidate how each of these tools works.
Discuss the key differences in data modeling between a data mart and a data warehouse. Why would your organization choose to use a data mart versus a data warehouse? What benefits would it gain from its choice, and what limitations would it enco..
If homeowners purchased a $250,000 home with a zero-down, interest-only mortgage, and the value of the home subsequently fell to $200,000, in order to sell the house and move to another city, the homeowners would be required at closing to pay
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