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In the specific factors model predict who seeks protection against trade and who does not. Explain your answer. How does your answer change in the Hecksher-Ohlin model? Explain
For a firm with fixed cost of 555, average variable cost of 12 and selling at a price of 17, find a profit in terms of its level of sales, Q. What value should Q be to achieve the profit target of 195?
What are the necessary conditions for this type of a market structure to exist. Please give an example of this type of market structure.
It is said that there is no completition in a perfect competition situation. Why? Give an example to illustrate this. Name 3 commodities that you would consider to be bought and sold in a perfect competition market situation. If someone is producing ..
Under monopolistic competition, are there positive and/or negative profits in the short-run?
Assume that the required reserve ratio is 10 percent. If the public withdraws $100 million from their checking accounts and holds it as currency, what happens to the federal funds rate? Use the demand and supply analysis of the market for reserves to..
Consider Albert Einstein's quote, "Sometimes one pays the most for things one gets for nothing," and the Russian proverb, "The only place to find free cheese is in a mousetrap." Do you agree with these statements? Why or why not? Keep in mind opportu..
Effects of the financial crisis on selected countries - Leitfaden zum Anfertigen der wissenschaftlichen Arbeiten Bachelor Thesis,
When using monetary policy, if the money supply increases, this will shift the LM curve right, decrease interest rates, increase output, and shift the AD curve right. How is unemployment affected by the increase in money supply? What does this look l..
Using examples from your personal experience or work experience, how would you explain the difference between quantity demanded and demand (or quantity supplied and supply) to someone who has not studied Economics? Based on your example, why is the d..
A 50 percent increase in cigarette prices would cut overall consumption by 12.5 percent, with even greater declines in smoking among minorities and young adults, federal health experts said Thursday. The Centers for Disease Control and Prevention (CD..
A retail bank's sources of funds include savings, time, and checking (current) deposits. In June 2011, Hang Seng Bank, a leading Hong Kong bank, quoted interest
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