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1. Describe the effects of tariffs not shown by partial equilibrium analysis. (Partial equilibrium analysis is shown in a traditional tariff welfare effects graph.)
2. Explain how social, political, and economic institutions interact with one another. You may explain by using an example, if you wish
A country is described by the Solow growth model. It has a population growth rate of 5 percent and a rate of technological progress of 3 percent. It is currently at the steady state. What is the country is growth rate for output and output per worker..
q. suppose a government has no debt and a balanced budget. suddenly it decides to spend 1 trillion while raising only
What is the SAP (structural adjustment program)? What are the IMF-imposed "conditionalities"? Why did the IMF and World Bank imposed them upon Third World countries during both their debt crises and financial crises?
Unemployment generated by the existence of labor unions is structural unemployment and so contributes to the natural rate of unemployment.
Assume blonds earn $3 less per hour than brunettes and a firm employs 300 workers. There are 8 working hours in a day. If this firm refuses to hire blonds because of discrimination, how much profit will it gain/lose in a day? (Assume blonds and brune..
Singapore has a system of traffic regulation called Electronic Road Pricing, in which traffic congestion is reduced by charging motorists who drive into the city center during certain hours of the day. Charging for use of a road is shifting from a th..
A firms demand curve is given by P = 500 -2q, the direct Q = 250 - 1/2P. The firm's current price is $300 and the firm sells 100 units of output per week. Calculate the firm's marginal revenue at the current price and quantity. Using the Make-up Form..
If the European Central Bank increases interest rates, the demand curve for European euros shifts rightward and the supply curve of European euros shifts leftward.
The development of the “shadow banking” system and the deregulation of banking and finance over the last thirty years has today contributed to:
In a current newspaper article you also read that The Camera Shop has exhausted its undertaking capital and that no new investors
A television network will allow National Motors to advertise its claim if the appropriate null hypothesis can be rejected
Which of the following statements describes the experiences of the Whirlpool Corporation since it was established in 1911? strong uninterrupted growth in demand, little or no growth in the long run, but very vulnerable to the business cycle.
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