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Write a 4-6 page (12-point font, double-spaced) essay evaluating the role of governments in assuring that developing countries obtain a fair and adequate share of the benefits of international trade. In so doing, critically assess claims that "the answer" lies in untrammeled market activity versus government intervention. Drawing on Carbaugh's discussions concerning industrial policies, strategic trade policy, the trade problems of developing nations, import substitution, and export-led growth.
What is the average fixed cost of producing 2 units of output based on the following table:
Suppose Blanca would prefer a certain income of $20,000 to the expected value of the gamble. Explain her preference toward risk by drawing a graph.
Suppose that the price of good X rises and the price of good Y falls in such a way that the consumer's new optimal consumption bundle lies on the same indifference curve as his old bundle. Graph this situation. Compare the quantities demanded be..
Draw the AC function on the same graph. What is the firm's long-run supply curve? That is for every price p, how much will the firm produce in the long-run? Which curves are relevant now?
A firm has determined that its variable costs are given by the following relationship:
an economist might say that collage and universatys "produce" education, using facility members and students as inputs. According to this line of reasoning, education is then "consumed" by house holds. Construct a circular-flow diagram like the on..
what do you think is the best solution to the obesity epidemic? what roles can the food and restaurant industries, trial attorneys, government policymakers and regulators, and individual consumers play in a solution, if any
Draw linear PFF representing the tradeoff between hot dogs and buns with 120 million workers available.
Monopolies are price makers and as such should be able to set price where they will make a profit. Is this statement true? Why or why not?
Research the current demand for a good or service of your choice. Collect information that will affect the demand for the good or service.
Which product experiences a larger change in price and which product experiences a larger change in quantity
Describe why government regulation is required, citing the major reasons for government involvement in a market economy.
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