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Explain the effects of a tariff and a quota placed on imported automobiles on a domestic market. Who is hurt with a tariff or a quota and why? Who benefits and why?
Why do you think the specific industries you selected are highly concentrated?
Consider a market where demand is d:p=24-Q and supply is s:p=2+Q. impose a specific tax t= $2 on each unit sold in the above market.
what happens to the amount of debt held by the public. What would happens to the level of gross debt.
Provide optimal wage-bonus package, compute this employees' effort, expected payoff and employer's profit. Draw a game tree for employer-employee game in parts a-c.
q1. show how each of the following would initially affect a banks assets and liabilities.a. someone makes a 10000
Discuss why commercial labor norms are superior to subsistence labor norms when one needs to create wealth.
The idea that a person wants to have a bigger house in order to outdo his or her neighbors is referred to as:
Explain briefly why TOTAL profit (profit from entire sales) is still likely to be lower with this pricing scheme than with perfect price discrimination, despite charging a fixed fee equal to the entire Consumer Surplus of a typical consumer?
Gary has two children, Kevin and Dora. Each one consumes "yummiest" and nothing else. Gary loves both children equally.
Is there a relationship between changes in productivity and the education level or the percentage of people attaining a particular level of education as hypothesized in economics?
As a consequence of a 1976 court case that Ralph Nader won against an airline that had "bumped" him, the federal government adopted a rule requiring airlines to compensate people who were denied boarding despite holding a confirmed reservation.
q1. the government is involved in providing many goods and services. for each of the goods or services listed determine
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