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Alpha and Beta, two tiny islands off the east coast of Tricoli, produce pearls and pineapples. The production possibilities schedules in the table below describe their potential output in tons per year. Suppose the two islands agree to trade 10 pearls for 10 pineapples. (a) If Alpha produced 6 pearls and 15 pineapples and Beta produced 30 pearls and 8 pineapples before they decided to trade, how much would each be producing after trade became possible? Assume that the two countries specialize just enough to maintain their consumption of the item they export, and make sure each island trades the item for which it has a comparative advantage. Alpha would produce pineapples and pearls. Beta would produce pineapples and pearls. (b) i) How much would the combined production of pineapples increase for the two islands due to trade? Combined production of pineapples increases by . ii) How much would the combined production of pearls increase? Combined production of pearls increases by.
A new Fed governor argues during FOMC meetings that the Fed has not sufficiently achieved the goal of helping the economy reach its potential level of output. She asks the committee to be more aggressive, using expansionary monetary policy to increas..
q1. what effective value is facing japan airlines for the purchase of a boeing 747 if boeings aircraft values in
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If the average worker produces $80,000 of GDP, explain by how much will GDP increase if there are 150 million labor-force participants and the unemployment rate drops from 5.2 to 4.5 percent.
Monsanto, Corp paid dividends of $2.80 last year. Over the next three years the earnings and dividends are expected to grow by 10% per year. Thereafter, assume that the dividends will grow at a 5% rate forever. If investors required return on Monsant..
In 2004, a Massachusetts woman won 5.6 million dollars in the lottery, which would have paid her an initial gross payment of $283,770 and 19 more yearly payments of $280,000. Instead she sued the lottery commission for a lump-sum payment. How much mo..
How and why did the manner in which the Federal Reserve's administration of the Discount Window change after 9/11? State the advantages of the changes.
What are the key features of the consumption function? What causes consumption to rise or fall? Does the level of consumption deserve concern today?
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