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Which would be the most accurate statement with respect to our chemical industry?
a) It is on the decline and now contributes to our balance of trade deficit
b) it is large and growing
c) It generally provides a trade surplus of about $20 billion a year
d) it will almost completely disappear by the year 2020
Elucidate why is presidential power "conditional"-that is, why it affected so substantially by circumstance, the makeup of Congress, and popular support.
Tom views orange juice and apple juice as perfect substitutes: He is always indifferent between 3 glass of orange juice and 2 glass of apple juice. Suppose the price of orange juice is $1 per glass and the price of apple juice is $2 per glass. Tom ha..
What is the deadweight loss in both markets if the price of a crate of fresh oranges is raised.
Do you believe the rise of globalization has caused the outsourcing of manufacturing jobs within the United States, or is this a natural progression due to the technological era we are in?
Illustrate what are major arguments in case for income equality. Illustrate what are major arguments in case for income inequality.
Some countries in Central America are very stable and enjoy a good quality of life, but others are impoverished and underdeveloped. How can these differences be explained? Are inequalities due to local, social or cultural factors, or global political..
Given the market for corn in equilibrium, show the effect on price and quantity of the following simultaneous occurrences: Good weather results in a 10% increase in the harvest of corn.
Discuss how the role of newspapers as an advertising medium would differ for national versus local advertisers. Do you feel that the rate differential newspapers charge national versus local advertisers is justified?
Describe both types of crowding out (when the gov't borrows, when the gov't spends) Why is it important to try to determine the size of the fiscal policy multiplier?
Consider an offshoring model in which Home’s high-skilled labor has a higher relative wage than Foreign’s high-skilled labor and in which the costs of capital and trade are uniform across production activities. Will Home’s offshored production activi..
Discuss whether or not you feel these programs are effective in preventing recidivism. Do you think inmates should be eligible for Pell Grants? Why, or why not?
The following relations describe demand and supply. Find the market clearing (equilibrium) price and quantity and show them graphically using S and D curves. A free hand graph will do as long as you identify clearly market clearing P and Q. Calculate..
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