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1. In your own opinion, how do you improve foreign trade?
2. Define Physiocracy. Do you agree with them? Justify your answer.
Provide an example of a price discrimination for a good or service that you thought it to unfair. Do you still believe that the discrimination is unjustifiable?
According to Holmes (and Cohen), in what sense is the free trade in ideas the best test of truth? How might a culture influenced
What is the impact of the shrinking world on whether small to medium sized businesses should engage in international trade.
Identify all the relevant things (e.g., parts) that contribute to the performance of the security system. What things are part of the system?
Based on the following data, compute the (a) unemployment rate rate (b) cyclical unemployment rate, and (c). structural unemployment
How can a less developed country like Mexico have a comparative advantage relative to the United States?
Find the equilibrium price and equilibrium quantity of cigarettes, assuming the market is competitive.
Suppose that you have utility in your wealth that is accurately described by this function: U = W^1/2. Further, suppose that your wealth is $1,000,000. What is the maximum amount you would pay to eliminate a risk that, with p = 0.001, your wealth wou..
A monopolist faces an upward sloping demand curve. A perfectly competitive firm faces an upward sloping demand curve. A monopolist can increase the price of its product and not lose all of its business.
Suppose each of the 50 states in the United States had only one gasoline station, and all stations were the same size (sales were the same in each gas station).
A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable cost of $17.50 per unit for the first 50 units and then $37.50 per unit for all successive units. Does price equal or excee..
Assuming that wages in an alternative location are expected to always be higher than wages in the current location, an increase in the interest rate is expected to cause the net benefit associated with mobility to:
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