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China is one of the US's most important trading partners (consider how many goods are "Made in China"). What might happen to the value of the US dollar, the US economy, and the trade relationship between the two countries if China was experiencing unusually high inflation?
What will happen to the rate of inflation? How would the central bank react to the change in velocity if it pursued an NGDP target instead of a money stock target?
Illustrate what is the WTO. Briefly describe one trade topic identified by the WTO on the website. And, what did you learn from the Web site about the WTO.
Give a real-life example of monopsony. Explain why it exists. Is that particular monopsony undesirable to the economy? Should the government reduce the monopsony power of that buyer? If yes, how can the government do that? If no, why not?
a. What is the effect on East Asia’s willingness to trade? b. Assuming that each region is large enough to influence international prices, how do East Asia’s good-growing seasons in food affect the equilibrium international price ratio?
Why do economists insist on emphasizing the difference between money and income? Why is this difference important in macroeconomics?
A Material Requirements Planning (MRP) is most valuable in industries where a number of products are made in batches using the same productive equipment and with companies involving
Assume that your answers to part a) represent the cost curves for a wine making firm. Illustrate and explain how each of the following affects the firm’s average total cost, average variable cost, average fixed cost and marginal cost.
The property appraisal office for Mobile County has just installed new software to track residential market values for property tax computations. The manager wants to know the total equivalent cost of all future costs incurred when the county commiss..
The 2 major players in the disposable diaper market are Proctor and Gamble (40% of market) and Kimberly Clark (about 35% of the market). Both companies have undertaken costly research and development campaigns to gain a competitive edge- undercutting..
Think about all the economic data that are reported in the news every day. The information from all of them may be relevant, but does a policymaker really need to know any more about the state of the economy than the level of output and the inflation..
Draw a diagram of the small-country market for sugar under free trade, and with the export subsidy in place.
What is the NPV break-even level of sales assuming a tax rate of 35%, a 10-year project life, and a discount rate of 12%? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
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