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A) In the presence of elasticity dynamics, we can imagine that the Marshall-Lerner condition is violated in the short run yet satisfied over a longer period of time. This relation is described by the J-curve. What is M-L condition and how it is related to J-curve?
Suppose that the economy is initially in a steady state and that some of the nation’s capital stock is destroyed because of a natural disaster or a war. Determine the long-run effects of this on the quantity of capital per worker and on output per wo..
Suppose you are the owner of any type of hypothetical start-up business. Suppose your total revenue is currently increasing when you use more inputs
There are fixed costs of $50. Once the optimal level of output is determined, how much profit does the firm make?
What is Coase Theorem (the theory of social cost)? How this theory relate to development?
A new help desk employee at a cloud services provider receives a call from a customer. The customer is unable to log into the provider's web application. The help desk employee is unable to find the customer's user account in the directory service..
If you were a political leader, what one thing would you change in the healthcare system to optimize access of health services to the maximum number of American
Leadership in agile project management focuses on _____. Leadership in traditional project management focuses on _____.
Suppose that a tariff is imposed on imports of minivans. Show graphically what the effect is in terms of price and quantity of imports. Be sure that your graph is completely and correctly labeled. What determines how much of the tariff is paid by the..
In the Malthusian model, suppose that there is technological advance that reduces death rates (which in turn increases the population growth rate.) using diagrams, determine the effects of this in the long-run steady state and explain your results.
Assume that in the absence of taxes, the price of x is $2. Compare an ad valorem tax of 10 percent (on p^s), to a per unit tax of 20 cents with respect to (i.e. specify whether it results in bigger, smaller, or equal values of the following):
Briefly explain whether you agree with the following argument: "Unfortunately, Bolivia does not have a comparative advantage with respect to the United States in the production of any good or service."
The amount First National Bank can change the money supply. The potential increase in the money supply.
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