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Q1. If unit labor costs in Spain and Portugal rise, but unit labor costs in Germany decline and other producer prices stay unaffected, Illustrate the effect should these factors, by themselves, have on export trade, and why?
Q2. What three factors determine whether two economies with separate fiscal and monetary authorities should form a currency union? Give an illustration of each factor using NAFTA economies.
These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.
Suppose now the price of a cell phone minute falls to $.50 per minute. Show how this will change the budget line.
Why do monopolistic competitors have a tendency to advertise much more than perfectly competitive firms?
Suppose that an increase in crime (O) also results in a per unit amount of social damage equal to d(d>0).
The third largest city of a country has a population of 12.5 million.
Suppose that the demand for healthcare services is perfectly inelastic while the supply curve is upward sloping. Analyze the impact.
The market demand and supply function for VCR movie rentals are: QD= 10 - 0.04p and QS 3.8P = 4. Calculate the equilibrium quantity and price.
Why does Michael Porter admonish companies will not change his competitive positioning any more regularly than once every four or five years.
Bud Owen operates Bud's Package Store in a small college town. Bud sells six packs for off-premises consumption.
Compare and contrast the way Classical and Keynesian theory determine the Demand for Money and how it is related to the Money Supply
Make sure to make available examples of real world to strengthen your position of wherever this might be case
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
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