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What are the advantages and disadvantages of NAFTA and how can it be tweaked to enhance the economic benefits of Mexico, Canada, and the United States?
A small country can import a good at a world price of 20 per unit. The domestic supply and demand curve of the good is S = 8 + 2P D = 80 − P. Show graphically and calculate the efficiency loss, government revenue and the net welfare effect of the tar..
Consider the Solow model with population growth. Assume that population can grow attwo different rates n1 and n2, where n1 > n2. The population growth rate depends on thelevel of output per capita (and therefore the level of capital per capita). S..
Dwight and James are looking at these 2 jobs and will make choices. Job B looks more attractive by using simple arithmetic in a static world; but since these will occur in different periods, we know that the best way to evaluate each one is by gettin..
Movie theaters often charge different ticket prices for different times of shows; so is the movie theatre a monopoly that practices discrimination? What about the concession stand inside the theater?
Brad will graduate next year. When he begins working, he plans to deposit $3000 at the end of each year into an IRA account.
In this context, describe a Type I error possible. How might such an error impact Happy Life decision regarding the premium structure?
Suppose that a monopolistically competitive restaurant is currently serving 230 meals per day (the output where MR=MC). At that output level. ATC per meal is $10 and consumers are willing to pay $13 per meal. What is the size of the firm's profit
?The depreciation of currency will: Which of the following topics is best characterized as a macroeconomic issue?
The GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures.
1. What is Ordinary Least Squares? What is Maximum Likelihood Estimation?
Does the GDP deflator do a better job than the CPI in measuring the cost of living
Do you think that households make a distinction between spending for current expenses and spending for capital expenses?
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