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Considering Opportunity Cost and Comparative Advantage, how are they related?
How is Comparative Advantage related to the value of trade? What do you get out of trading with others?
Business Economics, Economics
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Imagine you've started a new pizza restaurant. It costs you about $6 to produce a pizza. Last week you sold 500 pizzas for $12 each. This week you raised your price and sold 375 pizzas for $14 each. What price should yo ...
Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy? When is fiscal policy more appropriate than monetary policy?
Each of 30 teams in a league has a demand for generic advertising of Q = 260 - 4P. Price is measured in thousands of dollars. Ads cost $510,000 each. How many ads will the teams want to purchase as a group?
In 2009, the hershey company of pennsylvania became the latest company to open a candy factory in mexico, joining other american candy companies including brach's confections and ferrara pan candy, which had opened plans ...
A consumer advocate group selects a random sample of 20 ink cartridges and finds that the average number of printouts per ink cartridge is 460 with a standard deviation of 52. Find the 96% confidence interval for the pop ...
The United States appears at times to have a totally schizophrenic attitude toward protectionism. The United States was the country that proposed the establishment of the World Trade Organization as early as the late 194 ...
A firm produces Product A and Product B. This years sales price of Product A have decreased tremendously, and the sale of Product B has increase by 10 percent. The firm has threeemployees that can produce Product A and f ...
When a country is closed, Qconsumed= Qproduced. When a country opens to trade, this condition is not necessarily true; what condition must hold?
A coffee manufacturer is interested in the mean daily consumption of regular-coffee drinkers and decaffeinated coffee drinkers. The random sample of 50 regular-coffee drinker show a mean of 3.84 cups per day. A sample of ...
Every day your friend commutes to school on the subway at 9 AM. If the subway is on time, she will stop for a $3 coffee on the way to class. If the subway is delayed she skips the coffee and goes straight to class. The p ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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