Which country has comparative benefit in production-tungsten
In a day of production, firms in Angola can produce 200 liters of oil or 100 kilograms of tungsten. Firms in Namibia can produce 160 liters of oil or 60 kilograms of tungsten. Which country has a comparative advantage in the production of tungsten?
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In addition, Coke and Pepsi plan to launch an aggressive advertising campaign designed to persuade consumers that their branded products are superior to generic soft drinks. How will these events impact the equilibrium price and quantity of generi
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The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job, and are not looking for work. In addition, 100 people in the community are under
Firms in Namibia can produce 160 liters of oil or 60 kilograms of tungsten. Which country has a comparative advantage in the production of tungsten?
After considerable research, Brock and Louise decided to open a well- known franchise restaurant, Sammy's Sandwich Shop. Before opening the shop in a nearby strip shopping center, Brock and Louise paid $1,000 to an attorney to incorporate their bu
If the world price of a product falls relative to the domestic price in a trading nation, then for that product:
No other stock transactions have occurred. Record, as necessary, the transactions of February 15, March 1, March 15, and March 30.
In the former Soviet Union, producers were paid for meeting output targets, not for selling products. Under those circumstances, what were the economic incentives for producers?
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