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Supposed the USA and Canada are considering to trade. Assume there are only two goods in the economy; wheat and corn. USA 4 (units of wheat), 2 (units of corn); Canada 5 (units of wheat), 8 (units of corn). In this case, which country should produce wheat? and why?
Explain why do economists attempting to forecast short run future changes in real GDP and employment look closely at information on business inventories and unfilled orders?
What level of aggregate output does the consumption curve cross the 45 degree line and derive the savings and consumption functions, and draw a graph showing these functions.
True/False: For each of the following concepts, decide whether it's true or false, and briefly explain why (2-3 sentences). You can also use diagrams if they are helpful. Each correct answer is worth.
Important information about Regression anaylsis. Compute the equilibrium price and quantity.
The city of Bookburg initially allows only one book store, which sells books at a price of $20 and an average cost of $11. Suppose the city eliminates its restrictions on book stores, allowing additional stores to enter the market. According to an..
Why might you expect to see flat royalty payments in home-based franchises but revenue-based royalties in franchisees that operate from commercial buildings. Make sure your explanation is consistent with the fact that franchised tutoring services.
Now suppose their school opens up a market for loanable funds in which students can borrow and lend among themselves at an interest rate r. What would determine whether a student would choose to be a lender or a borrower in this market?
Between problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound of money supply, a low saving rate, poor capital base, and a lack of foreign exchange.
Explain how do they impact the domestic economies of nations. How do they affect individual business decisions.
Illustrate what price per ride must the public transportation authority charge to eliminate the deficit if it cannot reduce costs.
Describe some theories or explanations of why the crime rate fell in the 1990. Murders are now on the rise again.
Describe two types of specialization in production. What are the economic advantages of specialization and what are political business cycles, and how could they be created?
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