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The future of U.S.-India relations In May 2009, Secretary of State Hillary Clinton gave a major speech covering all the issues in U.S.-India relations. On economic and trade relations she noted that India maintains significant barriers to U.S. trade. The United States also maintains barriers against Indian imports such as textiles. Mrs. Clinton, President Obama, and Anand Sharma, the Indian Minister of Commerce and Industry, say they want to dismantle these trade barriers.
Explain who in the United States would gain and who might lose from dismantling trade barriers between the United States and India.
Suppose that, instead of a minimum wage of $4, the government is providing a subsidy to employers to raise the equilibrium wage to $4. How much will this subsidy have to be and what will the new equilibrium level of employment be
Using cash flow analysis, determine in which currency Microsoft should invest. Be sure to show your complete calculations of the annual return and conversion of Euro back to dollars at the end of the three-year term. Assume that the annual interes..
Suppose Eddie's demand curve for text messages is T=150-500Pt, where T stands for the number of text messages and Pt represents the price of text messages. What is Eddie's consumer surplus if Pt = $.10 per message
the marginal product of labor measured in units of output for a firm ismpn a100 - nwhere a measures productivity and n
What will happen to the relative value of this period's versus next period's dollar-peso exchange rate? [ Hint: Use equation (7).]
Consider the following demand equations for two differentiated products produced by independent firms.For simplicity assume that costs are zero for both firms. Price reaction functions for the two firms can be derived as
Suppose you are considering adding another sales associate to the floor. Your current total sales are $40,000 per day and your cost of sales, including the sales associates are $66,000 per day. The new sales associate should increase sales
(Case Study: Is Welfare-to-Work Working?) Discuss the key features of welfare reforms introduced by the federal government in 1996.Why were policy makers worried that turning welfare over to the states would result in a "race to the bottom"?
determine whether the tax should be levied on the employer
The pressure drop between two taps separated in the streamwise direction by 9 m in a horizontal, fully developed channel flow of water is 6.9 kPa. The cross section of the channel is a 25 mm × 240 mm rectangle. Calculate the average wall shear str..
Computing regression lines, coefficient of squares, graphing dependent and independent variables using square footage vs home sales.
Open Economy S = I In an open economy suppose that GDP is $12 trillion. Consumption is $8 trillion and government spending is $2 trillion. Taxes are $0.5 trillion. Exports are $1 trillion and imports are $3 trillion.
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