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Mercantilism:It is an economic theory from pre-capitalist times which held that a country's prosperity depended on its ability to produce large and persistent surpluses in its foreign trade with other countries.
Microeconomics, Economics
Question: In 1980, automobile manufacturers in the United States asserted that import quotas be instituted on foreign-produced vehicles marketed in the United States. In a critical essay, elaborate on the costs and benef ...
Question: Suppose the utility function for Linda is given by u(x1, x2) = log x1 + x2 and her budget constraint is given by p1x2 + p2x2 = m (a) Derive the demand function for Linda for both goods. (Hint: the demand of any ...
Question: Define and draw the utility possibility frontier. In your picture explain what is meant by pareto efficient. Social welfare functions can be used to pick out a point on the utility possibility frontier. Show th ...
Question: A country's economy is described in Table 2. Using information in Table 2, answer questions (2.1), (2.2), (2.3) and (2.4) Phillips curve p -p-1=-0.55x( U-Un) Natural rate of unemployment uN = 5% Previous year's ...
Quesiton: Suppose the government was to provide a $2 per hour subsidy or 300 dollars for families with an employed mother who purchases child care, how would these two policies affect women's working decision? The respon ...
Question: Advertising can inform buyers, but sellers must incur costs to advertise. If so, advertising can result in higher prices to consumers. Does this mean advertising is economically inefficient? If not, explain how ...
Question: During 1983, 1984, and 1985, the dollar was overvalued and kept rising. During that period, real imports rose $160 billion and real exports rose only $27 billion, while real GDP rose an average of 5.1% per year ...
Question: Step 1: Create a diagram of the U.S. banking system and the Federal Reserve System. Create a diagram of the U.S. banking system and the Federal Reserve System. Include special financial services of the banking ...
Question: An equipment costs $800,000 and has a service-life of 10 years with a salvage value of $20,000. The equipment will bring a before tax income of $200,000 every year. Annual operations and maintenance will be $10 ...
Question: 1) Why is it better to measure economic growth via real GDP per capital than real GDP? 2) Do some internet research and find out the growth rate of real GDP per capita for last year. How does it compare to our ...
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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
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As