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1. In what way does comparing a country's exports to GDP reflect how globalized is it?
2. Canada's GDP is $1800 billion and exports is $542 billion. What is Canada's export ratio?
3. GDP for USA is $16,800 billion and the current account balance is $400 billion. What percentage of GDP is current account balance?
4. Why does trade balance and he current account balance track so closely over time?
Explain what you would rather maximize, your total or marginal utility. Analyze how you would focus on your utility in making consumption decisions.
A tax authority must decide on a social insurance scheme. It knows that half the population will unemployed this year with only $400 in income from odd jobs. The other half will earn $40000 each. The tax authority taxes everyone with income at a flat..
What is the particular form of money (M1,M2, etc.) that would be the smallest measure that includes the type of money described in the article. (For example, if the article is about cash, write "M1."
Venture capitalists provide funds to finance new companies (start-ups), usually in return for a share of the firm’s initial profits (if any). Of course, venture capitalists look to back experienced entrepreneurs with strong products (or at least prod..
Suppose someone tells you that, over time, free trade is helping capitalists and harming workers. What fact would you cite to challenge this statement?
A perfectly competitive firm faces a:
Explain how a restrictive monetary policy can induce a contraction in an open economy and how its affects the balance of payments.
When should this item be reordered. What could be the risk of stockout would result from a decision not to have any safety stock.
Elucidate using a graph why the change in real GDP is likely to be smaller than the shift in the aggregate demand curve.
Which of the following would cause the supply curve for bread to shift inward?
What is the latest and greatest news regarding OPEC and oil prices?
The private and social marginal cost (MC) of producing squibs is MC = 2.5 + 0.0375Q, where Q is quantity of squibs in thousands of cases per month, and MC is measured in dollars per case. The market is competitive and firms would supply at marginal c..
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