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Q1. If unit labor costs in Spain and Portugal rise, but unit labor costs in Germany decline and other producer prices stay unaffected, Illustrate the effect should these factors, by themselves, have on export trade, and why?
Q2. What three factors determine whether two economies with separate fiscal and monetary authorities should form a currency union? Give an illustration of each factor using NAFTA economies.
Now suppose the economy currently produces 2,500 garments of clothing and 3,000 bushels of wheat, illucidate which is represented by point B. Under these conditions, the opportunity cost of producing an additional
Identify the impact of the policy on Demand or Supply of the good(s) or service(s). Discuss the change(s). Draw a supply and demand graph to explain this change. Be sure to label your graph and clearly indicate the change of the curve.
Business has only one social responsibility-to make profits (as long as it stays within the legal and moral rules of the game establised by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by..
Illustrate what is the product maximizing level of output for this producer. Will the producer make a positive profit at this level of output.
Analyze how a bartender would know which the price of an exotic drink was too low or too high. Provide adequate conceptual justifications.
If individuals resisting change are included in making change decisions in an attempt to gain their support, what is this approach called?
Some economists argue that it is possible to raise the standard of living by reducing population growth.
Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisi..
Elucidate what are the arguments in favor and in opposition to an independent central bank.
Jason likes to buy guitars and trumpets. His marginal utility of guitars is given by MUG = (7T0.3)/(10G0.3) and his marginal utility for trumpets is given by MUT = (3G0.7)/(10T0.7), where G is the number of guitars Jason buys and T is the number of t..
Comprehension and understanding - Critical thinking and analysis and understanding of the Law of Torts
Now assume that once he earns $400 he loses all his food stamp assistance. How does this change his budget constraint.
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