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What is the ratio of real GDP in India to real GDP in the United States in common prices? Why are these two numbers so different?
What is the probability that a randomly chosen bolt has a width of between 947 and 958mm?
Two planes leave JFK airport at the same time, one flying north at 500 mph and the other south at 600 mph. In how many hours will they be 4400 miles apart?
When the United States imports cellphones from Japan, does the number of jobs in the United States decline?
What do you think would happen to the number of students desiring to park their cars on campus?
Suppose that the U.S. demand for maple syrup, in thousands of gallons per year, is Qd 6000 - 30P. What is the elasticity of demand at a price of $77 per gallon?
Suppose that each worker in the Foreign country can produce three cars or two TVs. What is the no-trade relative price of cars in Foreign?
What movements in supply and demand causes the banana price to slump from $13-$16 dollars per kilo in 2011 Feb to $1,20 per kilo in 2016?
Describe current global economic conditions and their effect on local macroeconomic indicators in China.
How large will the GDP per capita be if it grows at an annual rate of 2% for 20 years? 2% for 40 years? 4% for 40 years? 6% for 40 years?
Identify the engineering economy symbols involved and the values for the ones that are given.
What is the price level in 2010? What was the velocity of circulation in 2011? What was the quantity of money in 2011?
Each firm in the industry is currently earning zero, economic profit. How many firms are in this industry, and what is the market equilibrium price?
How can the supply curve of exports and the demand curve of imports of a commodity be derived from total demand and supply curves of a commodity in two nations?
What are the average lifetime search costs for an individual who relies strictly on barter? What are the total exchange costs of someone utilizing barter?
Which one could be consistent with the current production combination choice that Senator Creighton believes the nation has made?
What are the effects of Proposal A and Proposal B on Fred's labor supply? Under which proposal would he supply a greater amount of labor?
Calculate the ratio of Federal government receipts to GDP, the ratio of Federal government expenditures to GDP, and the ratio of the budget deficit to GDP.
Economics has difficulty in explaining why wage rates for individuals vary across occupations and industries and within occupations and industries. Discuss.
Calculate the ratio of exports to GDP, the ratio of imports to GDP, and the ratio of the trade imbalance to GDP in the latest reported quarter.
What price can be settled between these two parties such that both individuals can enjoy more of rice and beans?
Fiscal policy, like monetary policy, cannot change the nat- ural level of output. Why then is monetary policy considered neutral but fiscal policy is not?
Using the tax apparatus developed in Chapter 4, show how this reduces the total income of the suppliers in the drug industry.
Wilson walks into his Economics class ten minutes late because he couldn't find a place to park. What would you say if you were the professor?
Which nations are the principal trading partners of the United States? What are the major U.S. imports and exports?