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Question: 1. While the recognition of economies of scale may make trade theory more "realistic," what does this recognition do to the ability of trade theory to predict the commodity trade patterns of countries? Explain.
2. Ignoring the mathematics, explain the operation of the Krugman model in economic terms, and indicate the principal lessons of it.
3. Why is an increase in the number of varieties of a good regarded as a gain from trade? Can you think of economic disadvantages associated with greater product variety? Explain.
what have we learned about the sustainable use of resources and the ability to maintain the ability to produce into the
Imagine that a $10,000 ten-year bond was issued at an interest rate of 6%. You are thinking about buying this bond one year before the end of the ten years.
2) In Hepburn's Speed Model, the coefficients of vehicles are indicated for C and D. As the chief of operations in your organization, you are responsible for presenting the yearly budget for the semi trucks in your company's inventory. Since your saf..
Suppose you estimate the following simple regression On the basis of the information provided, test whether the slope differs from zero at the 1% level of significance.
What happens to the level of output and the price level in the short run and long run according to okun's law, what happens to unemployment in the short run and in the long run ( hint: okuns law is the relationship between out and unemployment)
How does this globalization affect the choices you face in your economic decisions? Do the effects change if you think of yourself as a consumer or as producer?
Do you think the FASB made the correct decision in requiring consolidated financial statements to recognize all subsidiary's assets and liabilities at fair value regardless of the percentage ownership acquired by the parent?
question 1. suppose an economy in which there are two kinds of bonds.nbsp bond a pays a 10 nominal interest rate.nbsp
Suppose that your state receives a nonmatching grant from the federal government that is targeted to education spending. What does economic theory suggest.
It is often alleged that Japanese producers receive subsidies from their government permitting them to sell their products at a low price in the U.S. market.
As long as all resources are fully employed and every firm in the economy is producing its output using the best available technology, the result will be efficient.”Do you agree or disagree with this statement? Explain your answer.
A poor person who has an income of $1,000 receives $100 worth of food stamps. Draw the budget constraint if the food stamp recipient can sell these coupons on the black market for less than their face value.
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