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1. Explain how social, political, and economic institutions interact with one another. You may explain by using an example, if you wish.
2. Describe the effects of tariffs not shown by partial equilibrium analysis. (Partial equilibrium analysis is shown in a traditional tariff welfare effects graph.)
What are intellectual property rights? How are they different from property rights to physical assets? Why has digitalization been hazard to intellectual property rights?
Illustrate what would be total incremental investment in accounts receivable and invent theory to support expected increase in sales.
Consider a model of three-period – lived individuals. Suppose the two-period real rate of return on capital is X = 1. 44, the rate of population growth is n = 1. 1, and the rate of fiat money creation is z = 1. 2. Find the following net rate for both..
Please state what you think citizens, governments, and (ideally!?) firms should be doing in the rich countries to help those who live in the rest of the world. You can cite altruistic reasons as well as some springing from self-interest.
Research one case of trade restriction, implemented by any nation. Research your topic, using at least 2 sources, and write a brief report (approximately 2 pages) on your findings. Scoring Guide-International Economics, Scoring Standard
A decrease in the Discount Rate is an indication that monetary policy is contractionary.
Assume that two power plants, Firm 1 and Firm 2, release arsenic in a small urban community that exceeds the emissions standard. To meet the standard, 40 units of SO2 must be abated in total. Determine the abatements for company 1 and 2 under the cos..
Suppose that the citizens of Hungary can purchase all the oil they desire at the going international price. If the Hungarian government levies a tax on oil, who bears the burden? Illustrate your answer wit h a supply and demand diagram.
In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at the minimum of possible ATC B) actual average total costs are higher than the minimum of possible ATC C) resources are used..
Consider the decision-making of farmers in a poor rainfed agricultural area of India. Suppose that there are two possible outcomes at the end of each growing season depending on the amount of rainfall: the good outcome generates revenue of $100, the ..
Assume a monopolist does not practice price discrimination. Which of the following must be true for a monopolist at an output level where price (P) is equal to marginal cost (MC)?
If skilled machinists with advanced computer training and computer operated lathes are complements in production in high tech manufacturing but computer operated lathes are substitutes in production for machinists without computer training (unskilled..
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