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Suppose p1 increases to 2. Calculate the change in his consumer surplus.
What is International political economy? Illustrate and explain the various IPE thought schools? Which of them seems most applicable in the modern age?
How can competitors such as PepsiCo, Nestlé, and local hawkers fight back? What determines the success and failure of Coca-Cola around the globe?
Why Is the economic model of decision-making intended as a literal description of how individuals, firms, and the governments actually make decisions?
Including choice of theory and sources of evidence, what type of findings you expect and what potential applications you expect there to be.
Explain how economic inequality in China and India is changing relative to that in Canada. Explain how the world Lorenz curve and world Gini ratio are changing.
Analyze what is meant by absolute poverty? What measures of income poverty are favored by development economists?
What was the checkout like? What features of the sites do you like and dislike, such as the look and feel of the site, navigation, and special features?
What are the disadvantages of engaging in strategic trade policy even in cases in which it can be shown to yield an increase in a country's welfare?
Why wouldn't this automatically mean that the nation should have a policy of supporting the growth of these industries?
Are the meaningful as correlations actions the equations residuals? How do the results differ state by state?
Briefly summarize the article, explain how you found the article particularly useful or timely, and give your personal reactions to the article.
What do the following data on interest rates in the US on the dollar and in Japan on the yen between 1980 and 2006 tell you about market expectations of change.
Describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment?
During a mild recession, which group would tend to increase the most? During a deep recession? During a boom?
Use the aggregate demand and supply framework discussed in this chapter to show the impact of IT on the U.S. economy.
Describe the impact of this price increase on aggregate supply. How might it affect employment, unemployment, and the price level?
Why do higher unemployment rates in Germany, France, and Italy mean that their aggregate supply curves are flatter than ours in the United States?
What is the slope of the budget constraint if quantity of A is measured on the horizontal axis? What happens to this slope if both prices double?
Why does the PPP condition imply a rise or a fall in the exchange rate? Explain your answer.
If interest rates in India rise relative to interest rates around the world, how does this affect the world value of the rupee?
Describe the numerical effects on both the U.S. current and capital accounts from each of these examples.
Describe why the supply curve for foreign currency is vertical. Let's say you return from a trip to Mexico with 1,000 pesos.
Assuming that PPP holds perfectly, what is the price of a dozen roses in Turkey? Express your answer in units of Turkish lira.
Explain the numerical effects on both the U.S. current and capital accounts from each of these examples.