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Suppose the north and south are trading cities and have the following production of chocolate and coffee: North output per hour is 2 chocolate and 8 coffee.
South output per hour 1 chocolate, 1 Coffee. Suppose the north switches 1 hour of production from chocolate to coffee and south switches 2 hours of production from coffee to chocolate. If the transaction takes 30 minutes to execute will exchange occur between the north and the south? WHY
Ben Bernanke has said that the Federal Reserve is going to continue its latest round of Quantitative Easing until unemployment falls to 6.5%. How fast will the economy have to grow to bring unemployment down to 6.5% by this time next year? Assum..
The table below shows the hypothetical prices and quantities demanded of a software product. Assume that the fixed cost of setting up the production of software is $200 and the marginal cost is $5.
You manage Gofer Delivery Services. You rent a truck for $50 a day and each delivery takes an hour of labor time. The hourly wage is $8. Draw a curve showing the relationship between the number of deliveries on the horizontal axis.
Calculate the per capita GDP for the most recent available year for the countries with the equation given in the far right column.
Examine how trade in goods and services has evolved over time. Is the country becoming more or less competitive in world markets?
A company operates plants in both the unites states(where capital is relatively cheap and labor relatively expensive) and mexico(where labor is relatively cheap and capital is relatively expensive).
Discuss how a Chief Information Officer (CIO) might handle ethical decision making using one or more of the theories presented in the week one reading material. in information technology
Suppose you have estimated the supply curve for the local labor market as: Qs = W - 5, where W is the hourly wage and Qs is the quantity of workers willing to work at each wage. You have estimated the demand curve for the local labor market as: Qd..
How do automatic stabilizers affect budget deficits and surpluses How would automatic stabilizers be affected by an annually balanced budget rule Why do automatic stabilizers minimize the lag problems with fiscal policy
1. A firm in a perfectly competitive market that is in long run equilibrium is contemplating raising the price of its good so that it can make positive economic profits. Which of the following statements is correct?
What trends do you see in the data sets
Assuming this is a sequential move game with the employer moving first, indicate most likely outcome. Does the ability to move first give the employer an advantage? If so, how? As the employee, is there anything you could do to realize a higher..
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