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Q1. In recent years the value of the dollar had declined relative to the euro. What does that mean for European businesses exporting to the US?
Q2. Suppose that with 400 patients per year, the SAFC, SATC and SMC of operating a physician clinic are $10, $35, and $30 per patient, respectively. Furthermore, suppose the physician decides to increase the annual patient load by one more patient. Using short-run cost theory, explain the impact of this additional patient on the SAVC and SATC. Do they increase or decrease? Why?
Assume a one-time decrease in population, possibly caused by an onset of disease or a sudden out-migration.
Analyze the impact of this floor on price, quantity demanded and supplied. Would this price floor create a surplus or deficit of this product in the market?
South Korea can produce a maximum of 600 million toaster ovens or 900 million tons of rice per year. The U.S. can produce a maximum of 700 million toaster ovens or 1,000 million tons of rice per year.
The United States is experiencing a recession and Congress decides to adopt an expansionary fiscal policy to stimulate the economy.
Austria has a history of strong hostility to nuclear power, and over the last twenty years the Austrians have shut down all of the reactors in Austria
What must she/he expect to happen to short term interest rates over the coming year.
If Sammy refuses to contribute to the butterfly garden, he'll not be able to enjoy its benefits if it is built.
Which of the government policies below is not likely to encourage per capita economic growth.
Which is a tax on profits generated from mining of iron ore and coal.
Social responsibility other than to make as much money for their stockholders as possible. Explain why you agree or disagree with such a statement.
Calculate the Golden Rule level of capital per effective worker and the saving rate associate with this steady state.
Sharp rises in the cost of milk, grain, and fresh fruits and vegetables are hitting cafeterias across the country, forcing cash-strapped schools to raise prices or serve more economical dishes.
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