ECON 442 Assignment 3 (due Nov 4) Please write your answers in the space provided below. Use Figures where necessary to explain your answers. (50 Points) (8) A balance sheet for a central bank of is shown below Central Bank Balance Sheet Assets Liabilities Foreign assets 2‚000 Deposits held by private banks 1500 Domestic assets 3‚500 Currency in circulation 4‚000 The central bank of a country with a fixed exchange rate buys 500 worth of foreign bonds. What kind of external balance would be
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BX06332 March 5‚ 2013 POLI 387 A Monopoly‚ Not a Democracy The board game Monopoly has been a source of entertainment for many years and millions of people have played it. It is even distributed in several countries‚ and in several languages. When one analyzes the game Monopoly it can be compared to a political-economic system. The game Monopoly can be compared to an obvious political-economic system: a monopoly. A monopoly is quite different than a market oriented enterprise. It is often
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[pic] Contents |PART I PLANET EARTH | |Chapter 1 Fundamentals of chemistry | | |The scientific method |1 | |Kinetic theory of matter
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chapter twelve fiscal policy CHAPTER OVERVIEW This chapter looks briefly at the legislative mandates given to government to pursue stabilization of the economy; it then explores the tools of government stabilization policy in terms of the aggregate demand-aggregate (AD-AS) model. Next‚ some fiscal policy measures that automatically adjust government expenditures and tax revenues when the economy moves through the business cycle phases are examined. Finally‚ problems‚ criticism‚ and complications
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Microeconomics Homework Problem 1: C(Q) = 100 + 20Q + 15Q^2 + 10Q^3 a) Fixed Cost (doesn’t change depending on output produced) = 100 b) Variable Cost of producing Q = 10 units: 20*10 + 15*10^2 + 10*10^3 = 200 + 1‚500 + 10‚000 = 11‚700 c) Total Cost of producing Q = 10 units: C(10) = 100 + 20*10 + 15*10^2 + 10*10^3 = 11‚800 Alternatively‚ we have Total Costs of Producing Q=10 units = Fixed Costs + Variable Costs of producing Q = 10 units = 100 + 11‚700 = 11‚800 d)
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Question 1 1. Consumption spending is $4.5 billion‚ gross private domestic investment is $3 billion‚ and government expenditures are $2 billion. If GDP is $14 billion‚ which of the following could be true regarding exports and imports in the economy? Answer Exports are $6 billion‚ and imports are $8.5 billion. Exports are $15 billion‚ and imports are $10.5 billion. Exports are $4.5 billion‚ and imports are $2 billion. Exports are $9 billion‚ and imports are $6 billion. 10
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Seminar 2 Topics Covered: Heckscher-Ohlin Model Part I and II 1. This exercise uses the Heckscher-Ohlin model to predict the direction of trade. Consider the production of hand-made rugs and assembly line robots in Canada and India. Problem 1 Answer a) Which country would you expect to be relatively labor-abundant? Capital-abundant? Why? Labor-abundant: India. Capital-abundant: Canada b) Which industry would you expect to be relatively labor-intensive? Capital-intensive? Why? Handmade
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Identify an example through research of a business that has temporarily shut down operations in the short run. What led to this decision? Did the firm resume operations at a later date? Identify an example through research of a business that has temporarily shut down operations in the short run. What led to this decision? Did the firm resume operations at a later date? Identify an example through research of a business that has temporarily shut down operations in the short run. What led to this decision
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Harris ECN 3000 Homework #1 Please show your work and answers to all parts on separate paper. It will probably be in your best interest to keep this sheet and make a copy of your answers since I may not return your graded homework before the test. Use the following information to answer questions 1-13 below. Two countries‚ Athens and Troy‚ produce two goods‚ ships and food‚ according to the following production functions: 1 ship = 4 capital + 2 labor 1 food = 1 capital + 3 labor. Athens
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1. Determining changes in equilibrium price and quantity for a perfectly competitive industry given changes in demand and/or supply (Ch. 2‚ p. 60-65; Class Notes) A. Graphical analysis given demand and supply curves (a) While there is increased awareness of Vitamin C available from orange juice‚ a hard‚ freezing winter occurs in most of the orange producing areas. Demand increases while supply decreases. (b) While the technology used for tobacco production is improving‚ there is increased
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