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Problem
1. What factors are important in determining the length of the imitation lag and the length of the demand lag? Explain.
2. What products might be examples of goods that are currently going through or have gone through the various stages outlined in the product cycle theory?
3. What would the Linder theory suggest about the prospects of developing countries in exporting goods to developed countries? Do you think that this is a realistic suggestion? Why or why not?
Consider a simple economy with two individuals
suppose demand and supply are given by qd 50 - p and qs frac12 p - 10.a. what are the equilibrium quantity and price
Show the SPNE strategies - If the game was played twice, would playing in the first period be a subgame perfect equilibrium first-period outcome? Explain why or why not.
Given this information: What is the unemployment rate in Funland? Carry your answer to one place past the decimal. What is the frictional unemployment rate in Funland? Carry your answer to one place past the decimal
problem 1please dene or explain the following terms. a complete answer will include a graph equation andor example as
Suppose the price of a magazine is $2, the price of a book is $10, and the consumer's income is $100. Which point on the graph represents the consumer's.
What is theory of comparative advantage? Which country should be importing goods and which country should be exporting goods
What phase of the business cycle was Italy going through in 2012? Refer to the above sources and economic theory in your answer and demonstrate the phase of the business cycle using an aggregate demand and supply model.
How much do you need to invest now at an 8 % interest rate compounded semi- annually in order to have $10,000 in 5 years?
Another group of economists, those who hold to the quantity theory of money, believe that V (the velocity of money) is predictable and otherwise unchangeable and that Q (the quantity of goods and services produced) is steady. Is their view of the eco..
1. b. in at least 3 detailed paragraphs answer the following three questions use examples to illustrate your response
How do you think you might measure the net impact of technological change on overall employment and GDP in the U.S.?
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