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What is the most of each good that can be produced each day if each worker fully specializes according to his/her comparative advantage?
Assume that the monetary base (B) is $50 billion, the reserve-deposit ratio (rr) is 0.1, and the currency-deposit ratio (cr) is 0.1. What is the money supply?
Why is understanding Real GDP necessary for measuring Economic Growth? Explain. Be sure to define your terms. Why not Nominal GDP?
Define unemployment. What are the 4 types of unemployment? Which particular type is unhealthy? Compare USA and Canada's unemployment rates based on 2022?
Firms in the market are producing output but are currently incurring economic losses. What is the expected profit for the market for fertilizer?
Suppose consumption in Canada was 64 percent of GDP, investment was 19 percent, government purchases were. What would be the net exports as a percentage of GDP?
Consider the following 2 income maintenance program. Demogrant and negative income tax. Explain the main characteristics of each of these programs.
In the countries Brazil & Colombia how do the supply chains operates in these countries. Do they produce any raw materials or are they primary exporters?
What is the responsibility of government to address these fluctuations? How should the average person dealt with these issues.
According to the latest figures from the IMF WORLD ECONOMIC OUTLOOK. Explain what are some of the downside risks around this global growth forecast in 2023?
What is the is the effect of imposing an import quota on (i) national saving, (ii) domestic investment, (iii) NCO, (iv) real exchange rate and (v) net exports?
Identify one factor that can cause a shift in the demand curve in labor markets and one factor that can cause a shift in the supply curve in labor markets.
Explain your reasoning for each of your predictions and show graphically as appropriate. Students may utilize Paint, Word, OneNote or hand draw the graphs.
What is (just) one specific example of a worker in the state of Washington who could experience frictional unemployment in Labor Market later this year (2023)?
List two specific ways that free trade negatively contributes to the U.S. economy and long-term growth. Explain.
Compare and contrast how exchange rates are determined under the fixed exchange rate system, floating exchange rate system, and pegged exchange rate system.
What are your thoughts about the challenges people may face in contexts where there is discrimination AGAINST customers?
Suppose you drew the PPF for Nation D, measuring the number of movies produced in a year on the x-axis. What is the y-coordinate of the endpoint on the y-axis?
How will Sweden's GDP and GNP (Gross National Product) change? Which of the components of GDP (from the expenditure approach) will change, if any?
What are the difficulties of firing workers? What are the downsides of remote work culture? (You can add your own thoughts on this as well).
How are individuals able to influence government actions through participation in interest group? What is relationship between participation in interest groups?
All prices in the economy are not equally flexible/inflexible. Select a good or service and discuss its price flexibly and your estimations as to why.
What is the likely impact on equilibrium price and quantity in the mock meat market? What is going on in the market immediately after the shift?
What are some characteristics of elephants and donkeys? Could there be any match what you know of Democrats and Republicans?
Explain how the numbers reflect what was happening in the U.S. economy at this time. In addition to explaining what the overall CPI numbers show.