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Q1. Suppose that there are two products: soda along with clothing. Both Brazil and the United States produce each product. Brazil produces 100,000 units of clothing for every year also cans of soda are 50,000. The United States produces 65,000 units of clothing for every year also cans of soda are 250000. Assume that costs remain constant
Q2. A very small country's gross domestic product is $12 million. If a government expenditures amount to 7.5 million and groos private domestic investment is 5.5 million, what would be the amount of net exports of goods and services?
Then do similar for every of the determinants of supply in Equation 2.2. In every instance, would equilibrium market price increase or decrease.
Explain how much shelter can she buy if she purchases 2 units of food.
New manufacturing technologies are often viewed as labor saving in nature. Using a production possibilities frontier with manufactured capital goods on one axis and labor-intensive goods on the other axis.
Explain the difference between a person's nominal income and their real income. Why is real income more important to that person.
A physician's office expenses increase 10 percent so she decides to raise the price of office visits by that much. Assuming the demand curve for office visits does not shift, what will happen to the total number of office visits and practice reven..
Why the short-run demand for gasoline is less elastic than the long-run demand, when the price of gasoline rises, people immediately cut back on unnecessary trips.
You learn that the market price of illegal drugs is falling. Which hypothesis is consistent with this information on drug prices.
Advantages and disadvantages of a company using price discrimination in order to increase demand for its product or service.
Is it a local, regional or national monopoly. What are some of the Barriers to Entry into this industry.
Why is monitoring and controlling the project cost important for the success of the project.
Explain how does this affect the supply of beef. Explain how does it affect the supply of beef worldwide.
The equilibrium quantity increase or decrease depends on Demand
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