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Q1. What are the advantages and disadvantages of austerity?
Q2. The government announces that it will privatize the main bank in the country through the stock exchange - what happens to the demand for treasury bonds?
Q3. IMF reports that there are growing fears about the increase of inflation in the country - what happens to the demand for T- bonds? Q4. What are the two central features (components/ lessons) of a production possibilities curve and what do those mean in a practical sense?
Specify the set of mutually beneficial allocations relative to the initial endowment and illustrate the set.
Assuming that all buyers received the credit, estimate the own cost elasticity of demand as well as well as own cost elasticity of supply.
Explain the logic of the Ricardian view of government debt and evaluating its practical relevance.
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
A facility for a production plant can be purchased for 155,000 with a down payment of 25,000.
Should the United States pass a minimum wage that assures all workers earn a wage above the level of poverty.
Could trade help reduce poverty in Brazil and other developing countries. How do product and factor prices and wages eventually equalize between the two countries.
Assuming that the marginal cost is zero to provide the rides to those in attendance, what is the best pay-per-ride price
Competition in the market is such that each of the firms independently produces a quantity of output.
New manufacturing technologies are often viewed as labor saving in nature. Using a production possibilities frontier with manufactured capital goods on one axis and labor-intensive goods on the other axis.
The US put a specific tariff of €10 on European widgets. Calculate the new equilibrium quantity and price as well as the new Monopoly's profit.
Compare the effects of the drought under the tariff with those under the quota
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