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What are the factor endowments of the Netherlands? In which products does the Netherlands has a comparative advantage?
Peggy's Peaches has developed a new product, the Bruiseless Peach, which always stays peachy fresh. Peggy's paid 85,000 to a marketing firm to survey the bruiseless peach market. The potential sales were estimated at $250,000 per year. New equipment ..
A work breakdown structure which presents activities, tasks, and sub-tasks as a hierarchically organized list is known as a(n): Project managers should prepare job descriptions for each required team member. A complete job description should include ..
You have just won $100,000 lottery. Use a diagram showing the tradeoff between leisure ( on x-axis) and goods (y-axis) for the following: Show how the lottery winning affect your budget line
If a payment received two years from now has a present value of $200 and the annual interest rate on the payment is 5 percent, then the future value of the payment.
Do you think that economic incentives and disincentives influence family size decisions? Explain your answer giving some specific examples of such incentives and disincentives?
Derive an IS curve the usual way (create two points), assuming a closed economy. Now assume that an open economy exists. Use this change to derive a new second point on the IS curve (as we did in class) and draw the implied IS curve for an open econo..
The legislative branch of the American government is bicameral. In a minimum of at least two well-written paragraphs, define and discuss the advantages of a bicameral legislature, including how and why this came about. Reference should be made to the..
For each statement, indicate if it applies to uniform distributed random variable, normal distributed random variable, and/or exponenetial distributed random variable. list all that can apply. x is the uncertain time or space interval between consecu..
Using the order condition, determine whether the two regressions are just, over or not identified.
After you have studied Economics in the News on pp. 202–203, answer the following questions. What changes in the interest rate and the quantity of M2 occurred between 2007 and 2014? Why is the outcome feared by bankers optimistic? What would you expe..
Consider the following possible schemes for taxing a monopoly: Explain how each of these taxes would affect the monopolist's profit-maximizing output choice. Would the tax increase or decrease the deadweight loss from monopoly?
Provide some examples of discrete and continuous variables. What attributes of these variables make them discrete and continuous? Why?
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