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The economy's self-correcting mechanism tends to push the unemployment rate back to a specific rate of unemployment. How?
What is the effect of supply-side inflation on the short-run Phillips curve?
Suppose that Kiribati can produce 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can produce 750 tons of breadfruit or 1875 tons of fish. What is the opportunity cost of 1 unit of fish in Kiribati? Which country has a comparative advant..
Describe the four types of regional trading agreements discussed in class and show how each type creates a greater and greater level of economic integration.
The short run price elasticity of demand for tires is 0.9. If an increase in the price of petroleum used in producing tires causes the marketplace.
Suppose you are receiving a large shipment of Gizmos. The manufacturing standards provide that 1% of Gizmos turn out defective. You randomly select a sample of n = 25 from each lot and return the shipment if more than 2 are found defective. The proba..
q1. bertrand price competition the two firms have the same demand curve p100-4q marginal cost of firm 1 is 5 and for
Several questions in this problem set are based on the 8/19/12 Wall Street Journal article "Cartel Pushes Up Price of Rubber." This article is at the end of the module on Antitrust Policy. Try to read the entire article carefully first.. What challen..
A firm uses 50,000 workers to produce 200,000 units of output per day. Compute the values for the following four formulas.
Illustrate and explain using a diagram, the difference between the Keynesian and monetarist views on how changes in interest rates affect changes in aggregate demand.
What role can the government play in reducing the emission of greenhouse gases? What role can individuals play. If you were the economic advisor in the government, what economic measures would you suggest to tackle global warming.
Explain game theory and how you can apply the concepts in your life and work now and in the future? How does game theory relate to competitive advantage?
What exchange is Netflix listed? What are the listing requirements for that exchange and how does Netflix compare to those requirements?
Discuss the equilibrium using graphs for the entire market and for an individual producer. Now suppose that textile producers in other countries are willing to sell large quantities of cloth in the United States for only $25 per unit.
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