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A tariff is simply a tax on imports. Use our model of excise tax (with diagram) to explain why domestic firms request that tariffs be imposed. Who gains and woo loses due to tariff? (consider both the domestic and the foreign country in your answer)
Compute the expected value (revenue) from each project. Compute the coefficient of variation of each project, and find out which project should the company choose. Compute the variance and standard deviation of expected value from each project.
Macroeconomics questions, discuss the short-run and long-run effects, Keynesian model, Distinguish between ongoing demand pull and ongoing cost push inflation.
Explain how a change in investment can have big impact on GDp causing nationwide slump. Recall that investment is "small' relative to the whole economy.
Why might the existing firms in a cartelized industry prefer to be regulated by the government? What is the problem with common property resources?
Do the estimated coefficients have the required signs to yield a-shaped AVC curve? Discuss the significance using the p-values.
How income may change savings behavior
Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."
"A substantial number of relatively unskilled persons reported that they can't find work. At the same time, there're many unfilled jobs for relatively skilled people. Apparently, the problem is that there're more unskilled peop..
Questions on Long-Run Labor Demand and Factor Substitutability, Own-price elasticity, Cross-price elasticity
Explain the economic situation in the UAE based on the article. Summarize the articles with your own words
Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.
Use the IS/LM model and the IS-PC-MR model to explain what monetary policy to pursue.
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