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Define and explain how national income (GDP and National Income) and rates of unemployment and inflation are measured.
Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that Foreign also has four workers. Graph the production possibilities frontier for the Foreign country. What is the no-trade relative price of cars in Foreign?
Suppose that inverse demand is given by D(Q) = 56 − 2Q, Q = q1 + q2 and the cost function is TC(qi ) = 20qi + f (a) Find the limit output for fixed costs ( f ) equal to 50, 32, 18, and 2. (b) What is the SPNE for the entry game with the following tim..
Discuss how advertising affects consumer demand. Discuss how advertising affects consumer demand. Explain why fiscal policy might be needed. Explain how fiscal stimulus or restraint is achieved
How many banks failed in 1937? How it is possible to prevent bank failure?
Choose the statement about inflation rate targeting that is incorrect
Assume that there is a simultaneous increase in household income and in the opportunity cost (the price) of rearing children relative to other goods. Assume that children are considered normal goods, like most commodities, and the number of desired s..
What does it mean for a good to be non-excludable? In theory one may worry that such a problem could completely shut down private markets. How did we deal with that in designing a private environment for the public goods case so that this doesn’t hap..
The question asks to determine the equations for P=f(Q), MR=f(Q), ATC=f(Q, Q^2), AVC=f(Q, Q^2), MC=f(Q, Q^2) I believe I need to run a regression analysis to get the TC equation first, but am not sure. It then asks to calculate the Lerner Index and d..
Define Internal Rate of Return (IRR). What is the assumed Net Present Value in calculating IRR? Why is it not appropriate to compare today’s outflow of cash (cost of the project) directly to future cash inflows? If the Weighted Cost of Capital (WACC)..
Conduct the final strategy selection and leadership plan for your company or organization. Use all of the tools necessary to summarize the strategic and implementation plan. The evaluation should be 3-5 pages in length, at least 3 references, and APA..
What is the difference between an Associative Entity and a Transactional Entity?
Using the general model of the monetary approach to exchange rate determination, consider the following scenario: Assume that real income grows at a rate of 3% in both the home country and the foreign country and assume the money supply grows at a ra..
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