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a) What is Terms of Trade? How is it computed? Explain with an example. b) What is Comparative Advantage? Explain with an example of a two-country and two-commodity model.
what are the various formes of dispute resolution available to your company? what are the advantages and the disadvantages of each for your company?
Your state has a retail sales tax of 10% but it exempts food, prescription drugs, and all services including housing services, repair services, and use of electricity and other public utility services.
Budget line showing the various combinations of scores on the two exams that she can achieve with a total of 400 minutes of studying.
What assumption along with diminishing marginal product implies diminishing marginal rate of technical substitution?
You are the Benefits Manager for ABC Corporation. The company has grown considerably from a small family-owned business. It has never had a paid vacation policy in the past, and you need to establish one.
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are$100. Investment is $600. Find equilibrium GDP
In general, large current account deficits have to finance by:
What amount of profit is the firm earning? Is this firm in a short-run or long-run equilibrium? Explain
The nation of Spendistan has a much higher marginal propensity to consume than does the nation of Savistan. A global financial crisis has caused both nations to fall into a recession and both nations have just enacted $30 Billion rise in Government S..
Construct a market basket using a graph. calculate the price index based on the basket. Decide quantity and estimate current prices for each product.
Should the government use monetary and fiscal policy in an effort to stabilize the economy? The following questions address the issue of how monetary and fiscal policies affect the economy, and the pros and cons of using these tools to combat economi..
Bayer is selling aspirin in both North America and Europe. The elasticity of demand in Europe is -1.5, but -1.4 in North America. It costs Bayer $2 to make a bottle of aspirin. Bayer sells 20 million bottles of aspirin quarterly in Europe, and 15 mil..
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