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Supose that country A has a constant cost PPF, and in autarky produces 6 units of good X and 8 units of good Y. The MRT for country A is 1X=2y. With a terms of trade of 1x=1y, country A is able to consume 10 units of good Y, how many units of good x will it consume. What are the gains from trade.
Fill in the rest of the production function for Candy's Candies from the information provided. a. Candy's Candies begins to experience diminishing marginal product with which worker? b. Does Candy's Candies ever experience negative marginal product? ..
When an inefficient firm or a firm producing a product that people no longer want goes out of business, people are unemployed,but that is part of the normal process of economic growth and development. The unemployment is part of the natural rate and ..
Suggest an antidumping duty to prevent this type of behavior of the firm. Can you suggest any other policy to restrict this type of dumping behaviour?
Nowadays, China drives the global economy. So if the trade barrier is reduced, the Chinese economy will go down and affects the economy of the whole world. Do you agree or disagree with this argument?
If the policy interest rate is near zero, what less conventional monetary policy tools might a central bank use to stimulate the economy? How do these tools work? In what way is central banking in the euro-zone area different from or similar to th..
As part of their chores on Saturday mornings, they have to clean the bathrooms and wash the floors of the house while their parents go grocery shopping. In one hour's time, Mike can clean two bathrooms or wash six floors.
1. Suppose you are hired to manage a small manufacturing facility that produces Widgets.
What are the differences between demand schedule and the demand curve, and how are they related
Lets say if you go to a carrom playing App and want to analyse its working and please download any app and using Emulator extract the code needed to design a new app based on same algorithm. Please send me the basic code and data of economics that..
With the aid of diagram(s), explain why would it be counter productive for the Bank of Canada to fix the value of the exchange rate?
You have been employed as an economist to advise the Department of Health and the Federal Government about the following issue. The minister has argued that raising the tax on alcohol is the most effective way to reduce alcohol abuse in our societ..
Using a money market diagram and a diagram of aggregate demand and aggregate supply, explain how the Reserve Bank of Australia (RBA) can eliminate an inflationary gap.
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