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Write between 200 to 300 words on the questions below. Follow citation rules as close as possible.
What is the law of comparative advantage? Do countries benefit from trade? Can comparative advantage explain all trade flows among countries? Who have been the winners and losers as a result of the North American Free Trade Agreement? Explain your answer
What are some exchange rate regimes? How does the exchange rate determine a business' competitiveness in the world economy?
Moe's income is $320 per week and he spends it on two goods, X and Y. Good X costs $8 and good Y costs $4 per unit. His utility function is U = 4.5XY. (a)Calculate Moe's utility-maximizing purchases of X and Y.
Alternitive A: $2,500 initial cost, 10 year economiclife, $500 salvage, $4,500 per year O & M. Buy a new oneevery 10 years Alternitive B: $3,500 initial cost, 20 year economiclife, $500 salvage, $4,000 per year O&M. Buy a new oneevery 20 years.
Recent trends in teen smoking are considered tobe positive by those who advocate for a reduction in teen smoking. The decline is attributed to government policy that restricts advertising that targeted children, for example the Jo Camel ads and bi..
What is the value of the RSS - What are the d.f. of the ESS and RSS?
What might be the rationale for the introduction of the "employed civilian labor force" (X6) in the demand function? How would you interpret the various partial slope coefficients? Obtain OLS estimates of the preceding model
Gina was in a garage band when she was in high school, and the only time they could find to practice was on Saturday morning (much to the dismay of her neighbors.) Suppose the band received $49 in internal benefit (i.e., happiness) from practicing..
100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es 51.0). So how many popsicles will be sold each day in the short run if th..
A depository institution holds $150 million in Required Reserve and $10 million in Excess Reserves. Its remaining assets include $440 million in Loans and $150 million in Securities. If the institution's only liabilities are transaction deposits, ..
last week home depot was selling at $33.30. the earnings per share are projected to be $2.44 this year. if the required rate of return is 14% and dividend growth is constant at 5%, what should the price of stock be
What amount would you need to invest today in order to set asside sufficient funds now to meet the future obligations Assume your money could earn 5.0% per year in low risk securities in the 7 year period in question.
where Dt= deprectiaon charge for year t. B = first cost or unadjusted basis and dt=depreciation rate for year t (in decimals). If I'm trying to find the depreciation for the 35th year with an initial cost of 385,000,000 what would Dt=
Assume that a person's utility function is U(x,y)=x^2y^2 (yielding MRS=y/x) The price of X is $2 and the price of y is $5. Income is $100. What is the optimal choice? If a quantity tax of $0.50 is placed on good x, what is the new optimal choice
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