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In the unit lesson for this module, it is suggested that all things in trade are not equal. How would you help disadvantaged countries to find better equality for them in our world trade system? Please consider the Hecksher-Ohlin model when answering this question
if relatively more drug users are addicts rather than casual users, prohibition will be more effective. Is this statement true or false? Explain. the interest income that could have been earned on money invested in a college education is not relevant..
A local automotive parts factory produced 100 parts. The total variable cost of production was $400 and the average total cost of production was $9. what is the total cost? what is the total fixed cost? what is the average fixed cost?
Why is the continuing income inequality in the US a problem for the economy? Does it matter that so many people own such a low percentage of total wealth in this country?
Governments impose taxes for several reasons. The most obvious reason is to raise revenues for the government. If the goal of a government is to raise the maximum revenues, should a per unit tax be imposed on an item that has a price elasticity of de..
q1. when the federal government decreases the individual and corporate income tax rates?q2. between sweezy oligopoly
Depend on this information, which market structure best characterizes the industry in which Forey competes.
a company makes a decision to expand its production line that requires initial investment of 100000. the company
If exports are greater than imports, would this increase or decrease GDP using the expenditure approach? What does this mean? Explain in words and with a graph what will lead to a decrease in the quantity supplied. Be specific.
Zelda Industries is the only firm of its kind in the world. Due largely to historical accident, it began producing streganomas in 1985 in a vacant warehouse. Virtually anyone with a degree in college chemistry could easily replicate the firm's formul..
Let’s compare the incentives generated by two different types of public programs. The Aid to Families with Dependent Children (AFDC welfare before reform) provides an income subsidy, G, at 0 hours of work, it is taxed away at a rate t when an individ..
It is believed that education provides a positive externality (i.e. an external benefit) to society that would not be exhibited in a free market for education.
Which of the following statements about oligopolies is not correct? Which is true of an oligopoly market that reaches Nash equilibrium? Which of the following situations produces the largest profits for oligopolists?
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