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Assume a given country two industries X and Y, and in autarky X is produced by a monopolist (with constant returns to scale). Using a graph, explain the procompetitive and comparative advantage gains from trade.
What are two factors that can cause the nation's real GDP to increase in the short run? What are two factors that can cause the nation's real GDP to increase in the long run?
Which of the following statements about venture capital firms is false? Which of the following will not occur when a tariff is imposed on an imported product? Which of the following would we expect to see for borrowers with a high risk of default? Wh..
Consider a product market for a normal good. Suppose consumers' income increases. Explain what will happen to labor demand for firms in that market.
The cost of the grapes may be as much as 60% of total production costs but varies greatly from lower-quality inexpensive wines to the highest quality wines.
Elucidate which following is true in market of a monopoly
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
Supposes cost of consumer market basket rose from $200 in base year to $225 in current year. Calculate CPI in current year and percentage change in prices between base year and current year.
In macroeconomics from williamson (4th edition) chapter 11 problem 7, if the number of atms increase should not it increase the credit supply? Instead of the credit demand because of an increase in R, as it’s done in this solutions manual?
Suppose the price of pork, an input in the production of hot dogs, increases. Which of the following accurately describes how the hotdog market is affected?
Explain how much total pollution reduction will occur under proposal A and what be will the total compensation received by regions O and R.
Consider the utility function u(x,y)=xy. Graph the indifference curves for utility levels 1 and 2. (They are symmetric hyperbolas asymptotic to both axes.)
If each nation grew at a constant rate over these years, in which year did the U.S. overtake the U.K. in terms of average income.
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