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A country exports $5000 and imports $4200. Calculate net exports. Is the country running a trade surplus or a trade deficit?
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
What is the difference between absolute and comparative advantage? Which is more appropriate for current trade policy?
Elucidate how many of the variable input should the firm utilize to maximize profits? Please verify. Note which in order to do this you want to utilize costs.
Among the types of costs faced by a firm (short-run costs, fixed and variable, as well as long-run costs), how cutting cost can be accomplished? What are some specific examples of how firms have used technology to lower costs?
Gini & Marcoux give a discussion of Competition. They begin with a discussion of sports and move to a discussion of competition in business. What do they say are some of the similarities and differences between competition in sports and in business. ..
Suppose that currency in circulation is $600 billion, the amount of checkable deposits is $900 billion, traveler’s checks are $0, excess reserves are $15 billion, and the required reserve ratio is .15. a. Calculate the M1 money supply, the currency-d..
Market equilibrium occurs at that price for which
In year 2013, the population of island I is 210, 000 people, of which 150,000 are aged 16 or older. Of this 150,000 people, 100,000 have jobs (50,000 do not). Find the employment rate is for 2013. What is the labor force participation in 2013?
The ACA provides more inexpensive health insurance policies (Healthcare.gov). If you are healthy and currently insured by the other plans.
Using the information on exhibit 2 calculate the consumer price index in the current year.
Let’s say that there are 25 firms in a (perfectly competitive) market each with an inverse short-run supply curve of P = 1.25q + 12.5. If the market demand curve equals Q= 750 - 30P, what is equilibrium price and quantity, and how much does each indi..
Merton talks about conformity being a socially acceptable means to attain our goals. Is this always the case? Is there a place where conformity does not work? How about people who don't conform to views in our society?
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