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As an employee of the World Bank you have been asked to research the needs of a country with a particular economic concern.
For this assignment, select a country and an economic concern, such as population, unemployment, etc. Search the Library and Internet for data sets for the concern that you have chosen.
Assume a 2 sector economy (where the two sectors are consumption and investment) where C= $100+ 0.9 Y and I=$50
Explain why competitive markets normally lead profit maximizing firms to make choices about resource use that lead to an "efficient" allocation of resources to the market?
Give three reasons why firms produce in Germany rather than in a lower-wage country.
Which country is capital abundant according to the Heckscher-Ohlin theorem? Given your answer to (a), draw the PPF for Canada. Also draw the indifference curve and the relative price line for the no-trade equilibrium.
Suppose we have a competitive market for a good with domestic demand and supply given by:
Evaluate the range of marginal revenues
Explain how advertising can be employed to allow Tots-R-Us to keep price average above cost without encouraging entry.
Describe the neoclassical theory of economic growth. Then explain how the neoclassical theory is impacted by research about endogenous technological changes and increasing marginal returns.
This problem uses Okun's law to study how the unemployment and inflation rates change when there are demand shocks.
What is the difference between the real interest rate and the nominal interest rate? How would not knowing the difference effect perceptions of the economy and affect people's decisions?
Describe what effect a contractionary fiscal policy would've on the price level and real GDP starting from full employment equilibrium.
Field discusses the key threats to sustainable management of forests and agricultural resources. First summarize these threats. Then,
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