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Why does U.S. and Canada trade newsprint? What is the benefit from this trade?
The costs of production that require monetary payment: A period too brief for some production inputs to be varied: Occur in an output range where LRATC rises as output expands: The relationship between the quantity of inputs and the quantity of outpu..
What are the fiscal policy instruments? What are the fiscal policy types? Currently the economy is facing an inflationary gap and the government is extremelyconcerned with the rapidly raising prices.
What requirements are imposed on an employer by the Family Medical Leave Act? What remedies can an employee seek if an employer violates the Family Medical Leave Act?
Assume that you work for the U.S. House Ways and Means Committee, and the Committee wants to create a new general definition of the term “currency."Please come up with a new definition , and explain why your new definition would be better.
How large is the economy of Japan? Japanese GDP in 2010 was 480 trillion yen (U.S. GDP, again was $14.5 trillion). The exchange rate in 2010 was 87.8 yen per dollar. What is the ratio of Japanese GDP to U.S. GDP if we don't take into account the diff..
Construct a Capital Allocation Line for a portfolio consisting of the T-bills and the risky portfolio. Draw the line and indicate the y-intercept and the point where the portfolio is entirely made up of risky assets. What is the slope of this line?
At what effective interest rate are these terms equivalent?
Ms. Fogg is planning an around-the-world trip on which she plans to spend $10,000. Her utility from the trip is a function of how much she actually spends on it (Y), given by: uppose that people who buy insurance tend to become more careless with the..
An oligopoly market consists of:
Other things equal, would the formation of a customs union with many members be more likely or less likely to improve welfare for a given member country than the formation of a customs union with only a few members? Why or why not?
Most large urban areas have a mass transit and railway system that facilitates travel within the city, and in some cases, between the city and its neighboring areas and suburbs. What are the benefits and costs of maintaining a mass public transport s..
Suppose the market price in a perfectly competitive market is $10. Suppose the marginal cost of the firm is given by: MC = 2Q + 2. Graph the profit maximizing decision facing the firm, showing the corresponding profit maximizing level of output, on a..
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