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a. From this table, what is the total amount of trade within Europe? What percentage is this of total world trade?
b. What is the total amount of trade (in either direction) between Europe and North America? Add that

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In 1999 Royal Philips Electronics paid $180 million to buy 20-year naming rights of the Atlanta, Georgia, stadium, home of NBA’s Atlanta Hawks. University of Massachusetts Professor Timothy D. DeSchriver and Drexel University Professor Paul E. Jensen analyzed naming rights.

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Grade inflation is widespread. In 1990, 81 percent of the students who took the SATs had an A or B average, but 40 percent of them scored less than 390 on the verbal SAT. Students’ grades are increasing but what

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If the demand curve for wheat in the United States is
P = 12.4 = QD
where P is the farm price of wheat (in dollars per bushel) and QD is the quantity of wheat demanded (in billions

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Congress established the Federal Reserve System in 1914. Until then, the United States did not have a national currency; Federal Reserve notes are still the paper currency in circulation today. Earlier attempts at establishing a central bank were opposed on

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Consider the neoclassical consumption model with log utility and ? = 1. Suppose an individual begins with $10,000 in and $30,000 of equity in her house, so that financial assets are ftoday = $40,000. Suppose her labor income

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Al has found $1,000 and has decided to divide it between his children, Bud and Kelly.
a. If Al believes that a fair division means giving equal amounts of cash to everyone, how much should he give to Bud

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Suppose that a monopolist’s market demand is given by P = 100 – 2Q and that marginal cost is given by MC = Q/2.
a) Calculate the profit-maximizing monopoly price and quantity.
b) Calculate the price and quantity

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A computer-products retailer purchases laser printers from a manufacturer at a price of $500 per printer. During the year the retailer will try to sell the printers at a price higher than $500 but may not be able to sell

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The world is made; up of only two large countries: Eastland and Westland. Westland is running a large current account deficit and often appeals to Eastland for in reducing this current account deficit. Currently, the government of Eastland purchases