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Alphaland and Betaland are identical small countries. Both have comparative advantage in Good X. Alphaland imposes an export tax on good X, and Betaland imposes an export quota. The size of the tariff and the quota are chosen to be equivalent. Now domestic demand for good X falls in both countries. How do the effects on the domestic price, production, consumption, and exports in Alphaland compare with those in Betaland? Explain carefully your results with illustrations.
The BRICS (Brazil, Russia, India, China, and South Africa) nations are increasingly important in international business. Provide a comprehensive description of the economy of each of these nations and identify reasons why the BRICS countries are grow..
Identify and discuss risks that you may face during a semester as a student. Classify such risks into three groups, i.e., risks that insurance contracts generally exist to help you manage them, risks that some type of government or social policy exis..
q1. the coase theorem suppose a firm pollutes a stream that has a recreational value only when pollution is below a
How are business cycles defined? Describe the four phases of business cycles. Business cycles are dated by which federal agency?
A specialty concrete mixer used in construction was purchased for $300,000 5 years ago. It is MACRS-GDS 5-year property. Its annual O&M costs are $105,000. The remaining useful life is 8-years and the end of the 8-year planning horizon, the mixer wil..
The Girl Scouts have a long successful history of selling cookies at inflated prices. Suppose in the area's inverse demand for cookies can be described
currently at a price of 2 each 250 popsicles are sold per day in the perpetually hot town of rostin. consider the
Suppose that the market demand curve for bean sprouts is P=880-2Q, where P is the price and Q is total industry output. Suppose that the industry has two firms, a Stackleberg leader and a follower. Each firm has a constant marginal cost of $80 per un..
You are the manager of a variable hospital department and you just received your monthly budget results that state your salaries were higher and your supplies were lower than budgeted. This assignment uses a rubric. Include the relationships between ..
Consider the following statements on the basis of positive economic analysis that assumes ceteris paribus. Liston other thing that might change and thus alter the outcome stated.
Why are sampling distributions so important in the process of statistical inference?
Suppose the supply curve of medical services is perfectly inelastic. Analyze the impact of an increase in consumer income on the market price and quality of medical services. Next, assume the demand for the medical services is perfectly inelastic whi..
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