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Purchasing power parity conversion factor is a common phrase in the international economics. What is the meaning of this phrase?
What is the opportunity cost of mowing a lawn for Fred? What is the opportunity cost of trimming a hedge for Fred? Who has a comparative advantage in mowing lawns? How can you tell?
Illustrate what is the estimated size of the union salary advantage. How might this advantage diminish the efficiency with which labor resources are allocated.
Compare and contrast two different countries during a time period when they experienced financial crises.
You are told that the ratio of the actual output per worker of country j to the actual output per worker of country i is 0.3. You suspect that differences in savings rates (s) between the two countries may also explain the difference in the countr..
As part of its defense, the firm has argued that the geographic antitrust market includes a larger neighbouring city with multiple firms. The defense offers two pieces of evidence in support of its larger geographic market.
For an unknown reason, aliens kidnapped all immigrants residing in the US. One morning America wakes up and finds that the only people left in the country are American citizens, while all legal and illegal immigrants are gone.
Thelma and Louise are neighbors. During the winter, it is impossible for a snowplow to clear street in front of Thelmas house without clearing the front of Louises.
If Luis makes an election to accelerate the recognition of income but he leaves the company after three years, is he eligible for a refund of taxes paid?
Elucidate the economic cost function for this business. What is the economic break even number of units for this operation.
Discuss the implications of government trade policies as they relate to the growth of the economy. What macroeconomic concepts are used in the theory of open economies?
How does a utility-maximizer decide how much to work and how much time to spend in leisure activities?
The government of a country increases the growth rate of money supply from 5% per year to 50% per year. What happens to prices? What happens to interest rates? Why might the government doing this?
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