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What type of market structure does OPEC operate in? Let's assume that OPEC has added 23 new nations to its list of oil producers and exporters, what type of market will OPEC operate in now? Support your answer with a brief explanation.
What makes firms locate close to each other in the product space?
Label aggregate demand curve as AD and aggregate supply curve as AS. Be sure to label axes appropriately. Identify and describe changes in AS-AD graph above that would result from cost-push inflation.
What will happen to exports and imports if the price of rupee falls in the international market? Explain in detail.
Give a real-life example of monopsony. Explain why it exists. Is that particular monopsony undesirable to the economy? Should the government reduce the monopsony power of that buyer? If yes, how can the government do that? If no, why not?
What are the usual estimates of returns to education in developing countries? How can we measure these returns? What is the potential problem with simple OLS (o
What is the relationship between the price level and the level of output in the long run?
An energy manager has $5000 available to purchase a high efficiency air conditioner that has a life of 6 years. The manager would like to know what should be the energy cost savings needed each year to justify the purchase (a) if the interest rate is..
In New England and the northern states the main force that drove settlers west to the frontier was:
Suppose a firm's demand curve is given by P = 50 - 0.25Q. What is the price elasticity (value of) of demand for the demand curve when the price is $10. Is that demand elastic or inelastic and why?
Assume that any dangerous snake you pick up has a probability of 0.8 of biting you. The defanged snakes do not bite. What is the probability
How do you compare two String classes using the equal sign to one another?
A payment of $2,000 will be realized today with additional payments of $1,000 at the end of each of the next 5 years. Assume a nominal interest rate of 20% is appropriate and calculate the following: Determine the future value of all the payments at ..
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