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Firms in industrial countries find a larger market for their goods in other industrial countries than in developing countries because: a. the industrial countries tend to have a higher population than the developing countries. b. the consumption patterns in the industrial countries are highly heterogeneous. c. the consumption patterns in the industrial countries are more or less uniform. d. the trade policies of the industrial nations are more favorable than the developing countries. e. the industrial countries are capital intensive countries.
Average tax rate is. If Social Security were considered part of the general budget then, Critics of food stamps argue that low income should be given cash payments rather than food vouchers. What are their arguments?
Although studies continue to show smoking leads to significant health problems, 20% of adults in the United States smoke. Consider a group of 350 adults. What is the probability that from 55 to 70 smoke? What is the probability that 70 or more smoke?
Elucidate Congress is considering reinstating a 10% investment tax credit in order to stimulate the economy.
Illustrate what type of market structure is auto industry. Has consumer surplus been affected in any way due to changes in auto industry structure and if so, how.
Mary Williams, owner of Williams Products, is evaluating whether to introduce a new product line. After thinking through the production process and the costs of raw materials and new equipment. Williams estimates the variable costs of each unit produ..
In 2014, back when Alberta’s economy was booming, Calgary and Edmonton’s residential vacancy rate was tied for the lowest in the country, at 1.4 per cent. The average rent for a two-bedroom apartment in Calgary was $1,267, trailing only Vancouver. An..
A representative of the American clothing industry recently made the following statement: Workers in Asia often work in sweatshop conditions earning only pennies an hour. American workers are more productive and as a result earn higher wages. Is the ..
According to the Bureau of Labor Statistics, 8.3% of the labor force was unemployed in January 2012. A random sample of 100 employable adults was selected. Using the normal approximation to the binomial distribution, what is the probability that exac..
rom the Blades' Use of Long-Term Financing case study, formulate an overall corporate financial strategy to support the long-term financing of Blades, Inc.
A large wood products company is negotiating a contract to sell plywood overseas. The fixed cost that can be allocated to the production of plywood is $800,000 per month. The variable cost per thousand board feet is $155.50 the price charged will be ..
What is the most you would be willing to pay for one of these licenses, if you know that you get to choose your level of output before the other licensee does, also knowing that your choice is observable by the other licensee?
When it comes to the tobacco industry, discuss if you believe it is possible for a company to cater to both its best interest and that of the consumer conjointly or if one always has to prevail.
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