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Describe the alternative policies to tariffs. It has been said that tariffs generally lower world well being, lowers the well being of each nation, and whatever a tariff can do, something else can do better. Explain. The best answer will include PPF's and Indifference curves as well as Supply and Demand curves.
How does nominal GDP targeting differ from real GDP targeting? Why is real GDP targeting the riskier of the two strategies? Currently, no major central bank closely targets the money supply. Why do you think this is the case? Still, no major central ..
Suppose that there are 100 symmetric firms each with a constant marginal cost 3 and a fixed cost 4. They first decide (simultaneously) whether to enter or not enter a market. A firm that does not enter get payoff 0. Find two subgame perfect equilibri..
Vat is tax applied at each point where value is added to goods or services from primary production to final consumption. refer to vat as an input and output tax respectively and say your company registered by its inception with the receiver of revenu..
Maintenance on a machine is expected to be $155 at end of the first year then increasing by $35 each year for the next 7 years. What sum of money would need to be set aside now to pay for the maintenance for the 8 year period? Assume 6% interest.
Developing and Implementing the Plan How would you take into consideration the following questions for your plan? 1. How do you see the process of team building fitting into the theory and practice of TQM as it applies to Wonde rWash?
A trendy French restaurant is one of the first businesses to open in a small corner of a commercial building still under construction. The restaurant has received rave reviews and has lines of diners waiting for tables most nights. In the short run (..
Mr Smith has saved $1800 each year for 20 years. A year after the saving period ended, Mr Smith withdrew $7500 each year for a period of 5 years. In the sixth and seventh years, he only withdrew $5000 per year. In the eighth year, he decided to withd..
Inducing the worker to exert effort A worker can exert two effort levels, good or bad which induce a production error with probability 1/4 and 3/4 respectively. Calculate the optimal contract and the effort that the principal desires under conditions..
Show where or not above production function exhibits diminishing marginal productivity of labour. Determine nature of Return to Scale as exhibited by above production function.
Which of the following is true regarding the extent of shareholder’s liability to corporate creditors? a.A shareholder is Liable to the corporation’s creditors to the extent of the value of the shareholder’s corporate shares b.A shareholder is Liable..
Pretend you are a trade economist providing advice to the government of a newly emerging African country. Present (neutrally) both the case for and against a trade policy based on import substitution. You may use specific international (real-world..
The demand curve for a good is horizontal when it is:
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