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Which statement most accurately captures the state of money today?
Consider an exchange economy with two goods, 1 and 2, and two consumers, A and B. The consumers are initially endowed with a total of unit of each good, i.e. w1 = w1A + w1B = 1 and w2 = w1B + w2B = 1.
In one day, Spain can produce either 1000 TVs that's for 500 computers. In one day, Portugal can produce 2400 TV sets or 600 computers. Which country has the comparative advantage in producing computers? Show me how you figure this out.
suzie purchases two goods- food and clothing. she has a utility function u9xy0 xy where x denotes the amount of food
Provide an examples of how each industry practices price discrimination. What are the short and long term strategic reasons these industries employ tiered pricing.
1. Suppose there is a small, closed economy that produces bananas. The domestic demand and domestic supply curves for bananas in this small, closed economy are given as:
Consider the optimal growth model with inelastic labor supply, and for simplicity assume that there is no population or productivity growth. What are the long-run effects of this change on capital
Fit each of the following examples into one of the three reasons for trade: I. Division of knowledge II. Economies of scale/creating competition III. Comparative advantage a. It is the 1950s.The American auto industry makes mediocre cars at high p..
If the marginal product of capital net of depreciation equals 8 percent, the rate of growth of population equals 2 percent, and the rate of labour-augmenting technological progress equals 2 percent, what must happen to the saving rate to reach the Go..
Find out an article on decreased consumer spending, list the name of the article and provide the link to it.
Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $42 is imposed in this market. Determine the quantity demanded,the quantity supplied, and the magnitude of the shortage if a pride ceiling..
In bankruptcy A, unsecured creditors receive £0.40 in the pound. A lender is owed £250,000, of which 30% is secured against assets.
Where is the price of peaches, is income, is the price of apricots, and is rainfall. Assume that and .
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