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if you continue with the example of problem 1 which country has an absolute advantage in wine in wool which country has
david ricardo illustrated the principle of comparative advantage in terms of the trade between england and portugal in
which two deficits were of concern in the 1980s and 1990s what happened to these two deficits in the 1990s what has
what is the current unemployment rate in the united states what is the current rate of inflation go to the web site of
learning by doing seems to be important in the semiconductor industry in which the united states and japan are the main
suppose that many years ago one inventor received a patent for orange juice and then another came forward and requested
imagine that congress is considering a bill to reduce the current twenty-year life of most patents to eight years what
an increase in the consumer price index will often affect different groups in different ways think about how different
which decade the 1970s 1980s or 1990s saw the highest average rate of inflation in the united states which of these
suppose the farsighted forecasting group an organization of private economists predicts that the output gap will fall
go to the web site of the national income accounts at the bureau of economic analysis wwwbeadocgovbea dn1htm what is
use the following data round your answers to the nearest tenth assume the economy of slugian produces two products
wartimes are usually associated with inflation according to the inflation calculator at wwwblsgovcpihomehtm what would
suppose households save 5 percent of their disposable income if the government increases expenditures and taxes by 100
using the full-employment model discuss the effect on employment output the real rate of interest investment and saving
the following table gives average hourly nominal wages in nonagricultural industries and the price level in the united
how are leakages and injections balanced why will demand and supply in the product market be equal if leakages and
what determines the level of saving explain why if taxes are fixed disposable income in a full-employment economy is
what is investment why does investment decrease when the real interest rate increases what role do expectations play in
the primary deficit is defined as the difference between tax revenues and government expenditures excluding interest
redo question 1 but assume that households save 10 percent of their disposable income what happens to consumption and
why does the way the government uses a surplus make a difference for investment spending consider the following
what is the exchange rate how is it determined what role do adjustments in the exchange rate play in ensuring that
if us investments increase and world interest rates rise what is the effect on private investment in other countries
the table below gives growth rates for the united states for various time periods using these data calculate the growth