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Consider a small country that exports steel. Suppose that a "pro-trade" government decides to subsidize the export of steel by paying a certain amount for each ton sold abroad. How does this export subsidy affect the domestic price of steel, the quantity of steel produced, the quantity of steel consumed, and the quantity of steel exported? How does it affect consumer surplus, producer surplus, government revenue, and total surplus? Is it a good policy from the standpoint of economic efficiency?
Roy Rogers the lead broker at C-U Broke is interested in identifying whether there is a difference
Master Card has a series of cute commercials that list a series of accounting items also costs leading to a costless product.
Joy's frozen yogurt shops have enjoyed rapid growth in northeastern states in recent years. From the analysis of joy's various outlets, it was found to the Demand curve.
We want to consider elucidate how a change in the U.S. money supply affects interest rates. On all graphs label initial equilibrium point A.
Evalute any one economic model of such imperfect competition, and assess how well it explains the behaviour of real firms, and the results such behaviour might have upon the efficiency of resource allocation.
Assume that the central bank takes the drastic strategy in part 1, but that the private sector has rational expectations.
Explain why do you think maximising sustainable yield is often suggested as the appropriate goal of fishery.
Describe what a manufacturer of each product might do in the short run to increase production.
Compute demand of price elasticity of for natural gas sold to the US.
Illustrate that the tax be acceptable in spite of the deadweight loss. What tax revenue will be generated.
Use supply and demand model to explain the dramatic rise in the price of a college education.
Elucidate why general level of wages in the united states and other industrially advanced countries. What is the single most important factor underlying the long-run increase in average real-wage rates in the united states
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