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Floating exchange rates There are two basic systems that can be used to determine the exchange rate between one country's currency and another's: a floating exchange rates (al
#questioSuppose the US and Mexico both produce semiconductors and auto parts and the US has a comparative advantage in semiconductors while Mexico has a comparative advantage in au
describe the dominent firm model
a consumer consumes only two goods x and y is in eqillibrium price of x falls explain the reaction of consumer through utility analysis
Example of a cost function
Effect of Gasoline Tax with Rebate Assume -Income = $9,000 - Price of gasoline = $1
Ask question #Minim1. what items should be put on the agenda of a new round of trade talks (and who wants these on the agenda), 2. why, and 3. the problems likely to be met in the
What are the major differences between the equilibrium of profit maximiser and sales revenue maximiser?
income generation in a static and dynamic setting
two or more variable inputs
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