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Question 1: Consider a two-period, two-person pure exchange economy. Utility functions and endowments are given as follows. u1(x0; x1) = (x0x1)2 and e1 = (18; 4) u2(x0; x1) = ln x0
How can a country maintain equilibrium GDP with foreign trade?
Give examples of a monopoly and an example of perfect competition. Explain how each of your examples matches the textbook's definition of that market structure. Monopoly-a firm tha
what measures should be taken to raise the productivity of the workers?
Habelers theory of opportuniyu cost
#types of economic systems
explain any two factors that cause the shifts in the balance of payments curve.
Q. Explain Reversed Say's Law? In the cross model, supply should instead follow demand. Cross model not only rejects Say's Law, it turns it entirely upside down. In the cross m
Now we will analyse how macroeconomic variables fit together and present models which explain the main macroeconomic variables. Using these models we can, for instance, analyse
what wil hapen to the real wage if the nominal wages and prices rise at the same rate per year?
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