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1.The value of the dollar as compared to that of the Euro and the Chinese yuan since the 1990s. 2. The trade balance between the European Union and China over the same period. 3. The contrast between the flexible and fixed exchange rate regimes in Europe and China in terms of their trade relations with the U.S.
Speculated on what the long-run consequences of these trade relations may be.
All firms in a Cournot monopolistically competitive industry have the same cost function C (q)= 25 + 10q. Compute the equilibrium price, total output, firm output and number of firms in the industry.
The economy of a country called Econoland is described by the following desired aggregate expenditure components (all figures in billions of $). For the purposes of this question, the first set of equations will be referred to as fiscal policy1.
Discuss how your answer relates to the income and substitution effects of a price change from Knoxville food prices to Berkeley food prices.
Explain how advertising can be employed to allow Tots-R-Us to keep price average above cost without encouraging entry.
The public tends to view trade deficits with alarm while macoreconomics claims that trade deficits can actually be usefull for the economy. Discuss the macroeconomists position on trade defilicts
Assess the degree of difficulty associated with measuring marginal revenue product for each of the following occupations.
The Lexus LS 430, the top of the line Lexus sedan, riad a base price in Canada of C$85,700 during the fall of 2005. Restated in US dollars using the exchange rate prevailing then, that price is $71,885.
Explain how each of the following would cause the yield curve to shift if between now and next year:
What is the value of the money multiplier? What is the value of the nomial money supply? What are the nominal values of deposits, currency and reserves?
Suppose Bank of Canada (BOC) purchases $100 million worth of government bonds from a chartered bank. Assume BOC imposes 5% legal reserve requirement ratio to the banking system.
You are given the following information about the personal computer (PC) industry: Find the NRP and the ERP. Show all calculations and formulas.
Find out what quantity of the book Warm fuzzy should print, and what price it should charge in order to maximize profit.
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