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Problem
1. There was sluggishness in the Japanese economy in the 1990s, and Japan's terms of trade improved at the same time. Can you interpret and analyze this experience in the context of what you have studied in this chapter? Explain.
2. Explain how the production-possibilities frontier of the unified Germany might differ from the PPF of the former Federal Republic of Germany (West Germany), keeping in mind that West Germany, in the two-factor context, was generally considered relatively capital abundant and the German Democratic Republic (East Germany) was generally considered relatively labor abundant. What would theory suggest about the differences in relative output of capital intensive goods and labor-intensive goods of the former West Germany compared with the unified Germany? What would theory suggest, if anything, about the trade pattern of the new Germany compared with that of the former West Germany if it is assumed that the former West Germany was capital abundant relative to its trading partners?
What is the level of private saving in this economy? What is the level of public saving in this economy? What is the level of national (public plus private) saving in this economy
If Hillary, Barbara, and Nancy constitute the whole market for Cherry Blossom Makeup, complete the market demand schedule and graph the market demand curve.
how consumer demand would change and how the event would affect production costs and the business cycle - free-trade agreement between the United States
In a sentence or two explain why the pigouvian tax depends on knowing both pmc and demand. If total damages are linear, do we still need to know PMC and demand in order to set the optimal tax?
When a household buys a new house, does that represent consumption, saving, or investment? What factors may influence a household when deciding between buying stocks, bonds, or a house?
In the numerical example given in the text, the inverse demand function for the delectable resource is P = 8 - 0.4q and the marginal cost of supplying it is $4.
Discuss how horizontal, vertical and conglomerate mergers differ from a joint venture.
In the assignment you are required to describe three factors influencing the market demand and three factors influencing supply curves for the chosen firm's product or service (e.g. how would a change in consumer income affect demand).
Determine the advantages and disadvantages of a company using price discrimination in order to increase demand for its product or service. Provide support for your response
ECO 550- Some market conditions make cartels MORE likely to succeed in collusion. Which of the following will make collusion more successful? Evidence from empirical studies of long-run cost-output relationships lends support to the-
When the economy moves from its short-run equilibrium to its long-run equilibrium, what will happen to the price level? Show with the help of aggregate demand and aggregate supply curves.
Widgetland has 60 workers. Each worker can produce 4 widget(s) or 4 wadget(s). Each resident in Widgetland currently consumes 2 widget(s) and 2 wadget(s). Wadgetland also has 60 workers. Each can produce 3 widget(s) or 12 wadget(s).
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