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you have been invited by world leaders to be part of a team of international economists selected to make recommendations on how the international
please explain each of the following terms and explain how each is used in the standard model 1 iso value lines 2 production possibilities frontier 3
some scholarly papers have shown that growth from trade in developing nations can make the country worse can this happen if so describe the
which of the following statements best describes the metzler paradox a tariffs improve the imposing nations terms of trade b export subsidies hinder
which of the following is a result of an export subsidy a the imposing nation always benefits from an export subsidy b the imposing nation suffers a
if rice production is land intensive and computer production is labor intensive though both good require some land and labor the two-good production
marginal propensity to spend refers to a a nations additional spending on a good per an additional unit of expenditure b a nations additional
how have you responded to increases in the price of gasoline over the past few years how would you respond if the price of gasoline doubled over the
after two quarters of increasing levels of production the ceo of canadian fabrication amp design was upset to learn that during this time of
think of a business firm you recently visited such as walmart home depot red lobster barnes amp noble mcdonalds etc what motivated the producers of
give an example of how the principle of opportunity cost applies to your life think of a recent decision you made it could be a decision as simple as
suppose in a large department store the average number of shoppers is 448 with a standard deviation of 21 shoppers we are interested in the
in 2007 the potato chip industry in the northwest was competitively structured and in long-run competitive equilibrium firms were earning a normal
if a social entrepreneur is relying on contributions are there not risks in being accountable and using that money
society seeks for monopolists to operate at the point where mc which is the lowest point on the atc curve the most efficient a d b atc c mr d
in a poisson distribution u4 a what is the probability that x2 b what is the probability that x is
it is reported that 16 of american households use a cell phone exclusively for their telephone service in a sample of eight households find the
a telemarketer makes six phone calls per hour and is able to make a sale on 30 percent of these contacts during the next two hours find a the
the united states postal service report 95 of first class mail within the same city is delivered within two days of the time of mailing six letters
the director of admissions at kinuza university in nova scotia estimated the distribution of student admissions for the fall semester on the basis of
which of these variables are discrete and which are continuous random variables a the number of new accounts established by a salesperson in a year b
compute the mean and variance of the following discrete probability distribution where x2 and px5 where x8 and px 3 where x10 and px
explain why anti-trust legislation supports a perfectly competitive market give at least one specific example of legislation to justify your
nearly all critics agree that consumers have the most benefits in a perfectly competitive market does the above statement apply to microeconomics or
which of the following would indicate the beginnings of an expansion of the economy a fewer new firms are started b stock market prices decline c