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1. Explain four problems with the argument that trade protection is needed to protect American jobs.
2. Describe the economic reasons why businesses use off shoring.
determine intellectual analysis and incisive. Write down a brief essay of about one page on the impact of labor migration.
q. a monopolistic firm control in 2 separate markets. no deal is achievable between market a as well as market b. the
Fill in the column "Society's willingness to pay." Then draw a graph of society's demand for the public good.
The company’s MARR is 24% per year, compounded monthly. What is the maximum price Shockers Company should bid for PGP?
Suppose that the U.S. noninstituional adult population is 230 million and the labor force participation rate is 67 percent. Illustrate what would be the size of the U.S. labor force.
Assume an economy produces only pizza also jeans. If some resources are unique in the construction of either pizzas or jeans.
Explain the two approaches that can be used to compute GDP. Why do these two approaches lead to the same value for GDP? Explain why real GDP is a more reliable estimate of economic growth than nominal GDP.
Imagine you are a manager for the good or service used above. From the results of the regression equation, suggest strategies to either maintain demand.
Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true?
Government spending can raise Aggregate Demand and real GDP in the Classical model. Classical economists said that the velocity of money is very volatile. Classical Economists claim interest rates guarantee that savings will equal investment.
Is the increasing resistance of employers to unionization a new phenomenon or simply a return to the historic relationship that has existed between unions and managements in the United States?
Assume Caesar allocates his entire budget to the purchase of chips as well as soft drinks.
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