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Describe the relationship between transportation costs and international trade.
What is the consumer surplus [loss] associated with the merger and what was the profit before the merger? after? increase? How does the consumer loss compare to the increase in profit?
Describe the moment captured in Leonardo's Last Supper painting, and discuss the reasons why disciples are shown on the same side of the table.
If you buy a new car the entire purchase is counted as consumption in the year in which you make the transaction. Explain briefly why this is in some sense an 'error' in national income accounting.
Consider the following model of trade between Finland and Iceland. Suppose through that those two countries are the only two countries in the world, at least for purposes of trade. Discover the Autarky relative price of fish in both countries. (i.e ..
Define and explain investment decisions in the Capital Market with respect to expected returns, discounted cash flow, and classical utility theory. Give specific examples.
What are the macroeconomic consequences of a budget deficit when the economy is operating at full employment? Be sure to discuss the effects in the short run and long run.
Some reject fiscal stimulus measures in all policy forms. Explain what the various limitations are to a successful fiscal stimulus. Be sure to consider the damaging activities and decisions of (a) private corporations, (b) comm..
The empirical evidence concerning the magnitudes of localization and urbanization economies.
An article in BusinessWeek warned of the dangers of deflation as the collapse of numerous Asian economies was creating worries that Asia might try to "export its way out of trouble" by oversupplying everything from automobiles to semiconductors.
If this firm was under perfect competition, what would be the efficient level of output in the long run?
Efficiency can mean many things to many people. Even in economics, there are different types of efficiency. Here we are discussing productive efficiency. An economy is productively efficient whenever it is producing the maximum output with given t..
explain how scarcity and choice are related. economic theory says that a rise in the price of a good will cause people
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