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Why comparative advantage is important, and whether it is usually followed by policy makers?
If naina was an advisor to the president, what recommendations would she make regarding foreign exchange rate policy in the United States?
What role did Red cloud play in the factional splits that occurred in the late 1860s and 1870s.
Why is efficiency lost at the boundaries as when substantially more of one good and very little of another is produced.
What is the central theme (s) behind Viet Nam economy’s successes and challenges in providing an improving welfare for its citizens?
In September 1995, Patrick Buchanan, a Republican candidate for U.S. president, proposed a 10 percent tariff on Japanese imports to the United States, a 20 percent tariff on Chinese imports to the United States, and an unspecified “social” tariff on ..
q1. what is the definition of sanford gordon in economics?q2. what is the relationship among marginal product and
Review and respond to at least two of your classmates’ posts by sharing any ideas you may have about how households and businesses can protect themselves against inflation. Inflation works in the borrowers favor in most cases if the borrower had debt..
Assume that apples are an inferior good. Draw a perfectly competitive market for apples and a firm selling apples in the long run equilibrium where price is $10 and the firm’s equilibrium quantity is 50. EXPLAIN what happens in the short-run if custo..
The discount rate is the interest rate on loans that the Federal Reserve makes to banks. Banks occasionally borrow from the Federal Reserve when they find themselves short on reserves. A lower discount rate? Banks' incentives to borrow reserves from ..
Economy produces 1000 tonnes of apples, 2000 tonnes of oranges, and 3000 tonnes of banana, and the market prices (in 2015 dollars) are $3 per tonne, $2 per tonne, and $1 per tonne, respectively. In 2016, the production is 2000 tonnes for all three go..
What conditions are necessary for a firm to produce as opposed to shutting down in the short-run? State the condition in terms of totals (total revenue, total cost and/or its components). State the condition in terms of per unit values (namely, price..
Show the short and long run effects of a monetary expansion in this situation in the AD/AS model. You can omit the labor market and production function graphs and you may assume sticky prices for SRAS.
Some people seem to believe that there are goods for which the law of demand is irrelevant, goods that people just “can’t do without.” Why do economists believe that the law of demand applies to all goods. What are its implications for your firm’s pr..
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