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What were the most important developments in Brazil's balance of payments from January 1997 to April 1998? What factors contributed to these changes?What policies did the central bank pursue in response to the BOP developments? Were the policies successful?
Let D be an n × n matrix for a Leontief input-output model. We will say this models an economy with n industries I1, I2, · · · , In. Let x be an n × 1 vector. 1. Consider two possible conditions: (R) The entries of row k sum to 1: Sigma from j=1 to n..
If the price of gasoline doubled, how would consumption of (a) cars, (b) public transportation, and (c) in-theatre movies be affected? How quickly would these adjustments be made? If you owned a movie theatre would you want the demand for movies to b..
Suppose the inverse demand function is a Cournot duopoly is given by P = 140 -5 (Q1 + Q2) and their costs are zero. What is the total industry output?
What features of the product cycle theory are at variance with the assumptions of the Heckscher-Ohlin model? Explain.
Assume you have the power to make reforms to the way tax research and planning is currently conducted. Propose the reforms you would make. Justify your response.
One way for the government to facilitate economic growth is for it to pay workers in depressed areas to move to regions where jobs are more plentiful. What would be the labor market effects of such a policy?
Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.73 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The tax rate is 30..
During a specific period of time, the average price of long-distance calls fell from $0.25 per minute to $0.15. As a result of the drop in price, average long-distance calling per person per month increased from 300 minutes to 400 minutes. Using the ..
q.i would like to figure out the relevant cost in some cost flight operation salaries of flight crew fuel maintenance
Given the rise of mega-corporations such as Google, Amazon, Facebook and Glaxico-Cline-Smith, just to name a few, markets are becoming least competitive since the Guilded Age of the Robber Barons. Why might this not be economically desirable? As mark..
Certainly we can nod to the idea that economic growth needs to keep up with population growth to maintain our current standard of living. However, does growth in excess of population growth increase well-being. Others argue that the pursuit of growth..
Along a short-run aggregate supply curve, a decrease in the price level means that
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