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Question: Describe the balance of trade. What factors contribute to our trade deficit?
Microeconomics, Economics
Question: Suppose the production function for a competitive firm is Q = K .75 L .25 . The firm sells its output at a price of $32 and can hire labor at a wage rate of $2. Capital is fixed at 1 unit. a. What is the profit ...
Question: Suppose that there are only three types of fruit sold in the United States. Annual sales are 1,200,000 tons of blueberries, 5,400,000 tons of strawberries, and 11,000,000 tons of bananas. Suppose that of those ...
Question: From 1947 to 1973, the US economy went through five recessions, while Europe and Japan did not have any. Since 1982, however, cyclical downturns in Europe and Japan have been at least as frequent as in the US. ...
Question: Give an orginal concise but thorough answer to the following questions. a. Define social responsibility. How does this view of the role of business differ from your previous perceptions? How is it consistent wi ...
Question: Suppose that a firm's technology is given by the following production function: f(k, l) = 6k^1/6 l^1/6 Prove that this production function exhibits diminishing marginal product in both k and l. This is not the ...
Question: Why do you think the Japanese government permitted the to become so overvalued in the first half of the 1990s? Do you think they could have done anything about it? When the turnaround finally did occur, the fel ...
Question: Okun What does Arthur Okun mean when he says that government can redistribute only in a Leaky Bucket? Explain why he may be right, and why he may be wrong. How much leakage would you accept? Why? In your answer ...
Question: 1) Identify one or two most important weaknesses/ problems in mental health policy and service delivery for children and adolescents today. 2) Identify recommendations to address these weaknesses/problems. What ...
Question: Suppose that large oil reserves are discovered off the coast of Cuba, and these reserves will increase the world's supply of oil by 2 percent. If the elasticity of demand and supply of oil are -0.20 and 0.40, r ...
Question: Analyze the economic effect on various industries in the US as well as other countries if a Tariff (or tax) or 30% is imposed on imports from China (and China only) to the US. Please distinguish different indus ...
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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