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Trade theories: Mercantilism, Absolute advantage, Comparative advantage.
How do these theories help you better understand the different aspects of global trade?
LED light bulbs use only 20 to 25 percent of the energy used by traditional incandescent bulbs. Even if all consumers replace their old bulbs by the LED bulbs, do we expect that the arrival of LED light bulbs will decrease energy consumption for ligh..
Explain fully how a tax or subsidy affects the market. Explain how higher taxes do not necessarily raise more revenue as demonstrated by the Laffer curve.
positive levels of output and are zero if the monopolist shuts down. If current output level is 5, illustrate what should the monopolist do to increase profits.
If you invest a certain amount of money today, you can profit $250,000 exactly 5 years from now. The investment pays an annual market interest rate of 10% based on the expected annual inflation rate of 4%. Assuming the real rate stays the same, how m..
Draw the labour demand L(D) and labour supply L(S) curves corresponding with a hypothetical labour market
Please explain your reasoning using economic data that our economy is experiencing from the Bureau of labor and Statistics.
Received a Dell computer from a friend who cant access into his computer because he forgot his admin Windows 10 Pro password.
A project will require the investment of $108,000 in equipment (straight-line depreciation with a depreciable life of 8 years and zero salvage value) and $25,000 in raw materials (not depreciable). Net annual project income before-tax depreciation wi..
Identify the most important factor shifting the AS curve in the long term. Briefly explain both how and why this factor shifts the aggregate supply curve. Identify and briefly explain the neoclassical argument and the key building blocks of neoclassi..
Calculate the inflation rates in Canada and the U.S. Calculate the real exchange rate at the beginning of the period.
Your economy has a marginal propensity to consume (MPC) of 0.70. It is currently operating at a level at less than full employment. Prices appear to be sticky in this economy, but by some lucky stroke the rate of interest falls. Using the Keynesian C..
A British made automobile is priced at 20, 000 British Pounds. A comparable U.S. - made car costs US$26 000. One pound trades for US$2 in the foreign exchange market. Which country's cars are more competitively priced?
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