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Suppose the amount of exports of textile machinery from Italy to the rest of the world equals 60 billion tons. The amount of imports of textile machinery into Italy from the rest of the world is 40 billion tons. Therefore, the intra industry trade share for machinery is?
For each of the following statements, answer “agree” or “disagree,” and provide justification. “Omitting a relevant variable from a regression model generally causes bias in the OLS estimators.”
Your organization is considering offering a flexible benefit plan but has been advised that it could create a higher risk for adverse selection.
Suppose that EU imports of a food item from country A are regulated by means of a quota. Using appropriate diagrammatic analysis explain the welfare implications to EU from:
Construct a numerical example to show that the exclusion of municipal bond interest from income taxation is equivalent to a government subsidy of state and local capital spending. Assume you believe that income is a good proxy for ability to pay. Wha..
List and explain two factors that will cause the AD to shift to the left. Why is the aggregate demand (AD) curve downward sloping? Discuss and use graphs where necessary?
q1. explain why each of the following statements are false. for each write the correct statement.a. a monopolist
Joseph can initially produce 10 pizzas or 5 cakes. After some training from a pizza-making expert, his opportunity cost of making. (a) cakes will remain unchanged (b) 1 cake will become less than 2 pizzas (c) 1 cake will become equal to 1 pizza (d) 1..
Suppose GDP is $15 trillion, taxes are $3 trillion, private saving is $2 trillion, and public saving is -$0.5 trillion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment. Explain your answer..
Suppose for three years income has been increasing and the income elasticity of demand for ACME tools is 0.3. What will the change in the number of ACME tools being purchased be, if the rise in income over the past 3 years has been 10%. If forecaster..
Consider a simple one-period, closed economy model where the representative consumer has utility function u(C, l) and h available hours to divide between work and leisure. The representative firm has technology given by Y = zF(K, N^d ). Define a Comp..
Which in turn depends on the animal's access to grazing which depends on the number of llamas sent to the commons.
Illustrate what is the euro-denominated return on Dutch deposits for this investor. What is the (riskless) euro-denominated return on British deposits for this investor using forward cover.
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