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a. Do regional trade agreements promote free trade or do they just create another kind of trade barrier? Explain your answer.
b. Why does the WTO permit regional trade agreements when they violate the "most favored nation" principle?
c. Explain your answer. Discuss intellectual property and the major issues it has on international trade negotiations.
Which of the following statements are true about deficits versus debt?
Gatekeeper models of MCOs require patients to see a primary care doctor before going to see a specialist. What two key economic principles would be involved in a successful gatekeeper program?
The presence of pre-school children often complicates women’s labor supply decisions by forcing them to consider the costs of child care. In this problem, you are asked to consider the labor supply decision of a single mother with one child of pre-sc..
Calculate the magnitude of deadweight loss from the price ceiling. Find a price floor that will result in the same magnitude of deadweight loss.
Unemployment generated by the existence of labor unions is structural unemployment and so contributes to the natural rate of unemployment.
Show using appropriate graphs the optimal pricing of public transportation. In particular, show what the optimal pricing would be under a) no traffic congestion and b) some traffic congestion.
1. How does the theory of the firm differ from short-term profit maximization? Why is the former superior to the latter? 2. What effect would each of the following have on the value of the firm? explain.
The Green City Hospital treated 100 patients in May with 20 nursing hour inputs, and it treated 120 patients in June with 22 nursing hour inputs. What is the total product for each month? What is the marginal product?
Paula is considering going to law school. If she does, she will spend $60,000 on tuition and books to get a college education (during the first time period), $120,000 on tuition and books to get a law degree (during the second time period), and her l..
Expansionary Fiscal Policy relies on changes in tax collections and government spending to achieve a non inflationary level of employment. Given this definition what actions and projected consequences did President Obama enact to realize this goal. B..
An executive-search firm has shown that job search time and higher salaries are directly correlated. They have shown that for every $10,000 of additional compensation the search will take an additional month. Is a month spent in searching rather than..
Demand tends to be:
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