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If Bill can either produce 10 bales in 1 hour or 20 biscuits in 1 hour and Susan can either produce 12 bagels in 1 hour or 28 biscuits in 1 hour , who had comparative advantage in making bagels? in biscuits?
A friend of yours just bought a new sports car with a $5500 down payment, and her $32,000 car loan is financed at an interest rate of 0.75% per month for 36 months. After 2 years, the "Blue Book" value of her vehicle in the used-car marketplace is $1..
The New Zealand dollar pushed toward U.S.55c yesterday as the greenback was dumped on a surprise U.S. Federal Reserve initiative to pump more money into a still-choked financial system.
The LM curve has a ___________ slope because ____________. negative; higher income is associated with a lower interest rate. positive; higher income is associated with a higher interest rate
Why is it difficult to analyze the welfare implications of growth in the neoclassical model? What proxy is often used to reach a conclusion about the effects of growth? What leads to the conclusion that, if welfare is to improve with growth in the la..
How high should a monopoly set its prices in order to maximize profits - When you post a response to this question, place it in the context of one of the examples.
Suppose the current price of gasoline at the pump is $4 per gallon and that one million gallons are sold per month in Texas. A local politician proposes to add a 10-cent tax to the price of a gallon of gasoline, and she claims that the tax will gener..
In general conclude which of the five competitive forces has the most significant impact on approach.
Suppose the fisher hypothesis holds for an economy that has an expected real interest rate of 2 percent. For each of the expected inflation rates of 0,2,4,6, and 8 percent, calculate the nominal interest rate and the after tax expected real intere..
Describe aggregate supply from a classical economist’s perspective. P(t) = US$2 per coconut; E(t) = MX$1 per US$; P ROW(t) = MX$3 per coconut. a. What is the real exchange rate? b. Does purchasing power parity hold? Give three reasons why the purcha..
The seaport town of new monopoly has become extremely popular with shipping companies due to its superior location. The port has become so congested that ship must wait hours every day just to dock this is an example of
Explain how many spots of each kind should it purchase to meet se three goals and do so at minimum cost.
An essay on "to what extent do you think normative economic normative analysis as opposed to positive economic analysis, determines our nations public policy decision made by government? why? is that "good" or bad"? why? 150 words excluding "a","an" ..
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