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If the American auto companies make a breakthrough in automobile technology and able to produce a car that gets 70 miles to the gallon, what will happen to the value of the dollar? Use the demand-supply model of the dollar to explain.sales of luxury cars will decrease.
When prices are ($4, $2), Valerie chooses the bundle (9, 18), and when prices are ($1, $2), she chooses the bundle (8, 14). Is Valerie's choice of bundles consistent with the Weak Axiom of Revealed Preference.
Elucidate how long must a quota be in effect to have an impact. Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota.
Elucidate which of the following events would cause the price differences in these letters to get smaller.
If labor productivity grew at the rate of 1.4% per year Illustrate what would average hourly compensation be in the year.
What would the' peso- dollar exchange rate be if purchasing-power parity holds? If a monetary expansion caused all prices in Mexico to double, so that soda rose.
If the current price of its product is $80 also there is no change in quantity if price is increased, illustrate what must the new price be to achieve the goal.
Explicate Illustrate what happens to the interest rates when the Fed makes open market bond purchases.
Explain why do you think it is important for managers to understand the mechanics of supply and demand both in the short run and in the long run.
Explain the unemployment rate in Tappania is higher now than it has been in 50 years. Can both of these statements be true at the same time.
Describe the characteristics of optimal contracts in principal-agent problems when the agent (manager) is risk neutral.
What is the amount A in actual dollars equivalent to A’ = $1,000 in constant dollars? Please provide step by step detail
Consider a small economy in which consumers buy only two goods pies and tarts. In order to compute the consumer price index for this economy for two or more consecutive years.
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