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Suppose a large country A initially imposed a tariff on its imports and is now considering removing its tariff. Use a domestic-market graph to:
a) show the effect of country A's tariff removal on the world's price, country A's import price, import quantity, consumer surplus, producer surplus, and government revenue
b) identify country A's net welfare change as a result of its tariff removal. Is country A unambiguously better off?
c) Use a different graph to show how foreign producers will be affected by country A's tariff removal?
d) What factor determines the level of optimal tariff for country A?
Suppose you may choose between two routes in your commute by automobile to work each day. Over a year, the risk of death on route A is 0.0001 while the risk of death on route B is 0.0002. Because route B takes 30 hours of commuting time a ye..
Complete the joint probability table by computing the missing entries in cells E20 and F20. (Cell D20 has been calculated for you.) In turn, compute the revised probabilities (i.e., Pr(S ƒ15 of 20) and so on) in row 24.
Time to failure distribution of a computer memory chip follows Normal Distribution with mean 9000 hours and standard deviation 2000 hours. Find the reliability of this chip for a mission of 8000 hours?
A firm is focal point for a set of contracts. Explain the problems that (1) agency relationships, (2) asymmetric information, and (3) adverse selection can introduce to building a successful contract between two people.
South Africa is in the early stages of implementing a National Health Insurance (NHI). It is hoped that the NHI will help solve a number of challenges facing.
using the rudebusch version of the taylor rule from the internet activity compute the value of the federal reserves
What is the future worth of each given series of payments?
Suppose the government suddenly decides to reward investment by paying firms τ for each unit of investment they do (where τ b). Assuming we are initially in the steady state, show the path of in- vestment, profits and the capital stock over time.
A flood control project with a life of 15 years will require an investment of $250,000 and annual maintenance costs of $20,000. The project will provide no benefits for the first two years however will save $60,000 per year in flood damage starting i..
Explain possible pitfalls for such strategy from GEHs perspective - identify solutions to the possible pitfalls for the strategy - For each operation (India and China), evaluate GEH's human resource strategy.
The growth produced with markets:
Discuss the story of Pat Tillman, dying from friendly fire in the war in Afghanistan. What made Tillman a courageous person? Explain.
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