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Compare the Classical and Hecksher Ohlin theories of trade.
Discuss the differences in assumptions and post trade production points.
From a consequentialist perspective that has as its objective improving the standard of living of unskilled workers, is the introduction of a minimum wage ethic
DeVito Company operates in a state where corporate taxes and workmen's compensation insurance rates have recently doubled. DeVito's president has assigned you the task of preparing an economic analysis and making a recommendation about whether to mov..
Under patent protection, a firm has a monopoly in its production. Market demand is estimated to be P = 100 – .2Q. The firm’s economic costs are given by ATC = MC = $60 per unit. Determine the firm’s optimal output, price and economic profit. Compute ..
When Bill Clinton took office in January 1993, he faced two major economic problems: a large federal budget deficit and high unemployment resulting from a very slow recovery from the recession of 1990 to 1991. Some said at the time that without the F..
Use the principles of supply and demand to address a predetermined goal (set by the student).
What is the amount A in actual dollars equivalent to A’ = $1,000 in constant dollars? Please provide step by step detail
How does a tariff affect the domestic price of the import, the domestic consumption, the domestic production, and the quantity imported. (6-9 sentences)
Use the theory of liquidity preference and the market for real money balances to illustrate graphically the impact of a decrease in income on the equilibrium interest rate. Be sure to label: i. the axes; ii. the curves; iii. the initial equilibrium v..
Over 4000 individuals called up Dr. Kalikorn and asked him to perform a new surgical procedure. Dr. Kalikorn booked 2000 of these and told the rest to seek care from another physician. What is his quantity supplied? Explain.
If the actual price in this market were below the equilibrium price, illustrate what would drive the market toward the equilibrium.
HoosierMaker expects to garner revenue of $9.5 million each year and spend $1.3 million a year in costs, over the next 7 years. What is the future worth of this investment if the companies' rate of return is 16% per year?
Explain how the valued added tax is shared between the central and local governments.
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