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What is meant by absolute advantages and comparative advantages? What are the differences between the two? Choose a country and then consider what that country produces where they would have an absolute advantage over the United States. Also consider what product the United States may have an absolute advantage in that would allow trade between these two countries. Do the same for comparative advantages. Please make responce 150 words minimum.
Elucidate Illustrate what would happen if an outside agency Concluded the prices eBay could charge.
Explain how can changes in macro environment affect industries through the microeconomics factors of demand, production, cost and profitability.
what is the payoff in the first period for Firm 2 if. instead of cooperating, it maximizes its single period profits? Will Firm 2 choose to cooperate in the repeated Cournot game?
Steps that a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept
Borrow from the nation with the lower nominal interest rate, invest in the nation with the higher nominal interest rate and profit from the interest-rate differential.
Expectations and consumer confidence are important in determining fluctuations in aggregate spending. In your opinion, what is the present status of consumer confidence.
A country that has never had its own currency has formed a central bank and put you in charge of developing money.
The Federal Reserve Bank of St. Louis maintains a Web page devoted to international economic trends.
What are the determinants of demand? What happens to the demand curve when any of these determinants change? What is the difference between change in demand and change in quantity demanded?
What is the 95% confidence interval estimate of the population mean flying time for the pilots? The mean number of hours of flying time for pilots at United Airlines is 36 hours per month.
Illustrate what would the new price also output in the market be. Illustrate what would the new level of output for the typical firm be.
Compute the revised slope of the AE cure and the multiplier when you know that the imports and the marginal tax rate
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