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Explain the so-called "Ricardian" model of international trade, including its assumptions, and use this model to explain why and how both of the two countries considered countries gain from free trade between them. What determines the relative extent of these gains?
Explicate why the government expenditure multiplier is different from the tax multiplier.
q. 1. what is the difference between marginal and total utility?2. can marginal utility be negative? provide an example
The government announces that it will privatize the main bank in the country through the stock exchange.
Open a Word document and insert the image by pressing the Ctrl+V keys simultaneously. Give reasons to explain what the government would have to do to keep the unemployment rate at 3 percent
Explain how large a decline in the value of bank assets would it take to reduce this bank's capital to zero.
if income were hypothetically $0 aggregate expenditures would be $2,500. What is the marginal propensity to expend?
suppose a student athlete has the opportunity to earn $800,000 next year playing basketball, $700,000 next year playing basketball or $0 going to college. what is the opportunity cost of going back to college
If a sample of 110 artists was taken, find the average value above which only 15% would lie. Give your answer in dollars to the nearest dollar.
Illustrate what is the average value of a loyal customer (VLC) in a target market segment if the average purchase price is $50 per visit, the frequency of repurchase is 12 times per year.
q. a company has the production function in the short termq 50l 6l2 - 0.5l3where q weekly productionl labor number
Assume an economy with an aggregate production function of the form Y = 1.5K. If the nation’s population grows at 5%, the rate of depreciation is 3%, and the savings rate is 8%, what is the steady-state output per capita level?
Explain how can each of the 10 principles be applied in an example or experience with which you are familiar. How do you intend to use your newfound knowledge in future economic decisions.
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