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Free trade is generally advocated by economists, since it can generate overall benefits to the trading nations. Most trade policies which create barriers to trade can result in deadweight loss, however in some cases, trade policies can generate net gain for a country. Explain in detail with valid reasoning, what are those cases?
You are given the following figures on economic base: primary employment: 10,000; Secondary employment 30,000 A) Determine the ration B) a New Factory engaged in primary employment is moving into the base and intends to employ 250 persons. What are t..
The inverse demand in a Cournot duopoly is P = a − b(Q1 + Q2), and costs are C1(Q1) = c1Q1 and C2(Q2) = c2Q2. The government has imposed a per-unit tax of $t on each unit sold by each firm. The equilibrium output of each firm is the same as a situati..
Determine what fiscal policy measure has a more direct impact to the economy, an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month. Explain your reasoning.
Joe's demand curve for office visits is Quantity = 100-5p. In other words, Joe's Willingness to pay for the N^th visit = 20-0.2N^th visit. Joe has an insurance policy that covers up to $100 at a $0 copayment up to the limit. After hitting the limit, ..
Consider a firm in some foreign country producing a good as a monopoly. Its export demand function is given by Q=40- .5p. Its Total Cost function is given by TC=150+8Q, a) Determine its provit maximizing level of exports, and the export price the fir..
Consider making an initial investment in a fund paying 25% of $1,000 the first year and decreasing your investment by 20% per year. What would be the present amount equivalent to a four year investment.
According to the theory of statistical discrimination, if you are a low-skill black worker, would you rather work for a black employer or a white employer?
What were the terms of China's admission to the WTO, and has its admission been good for China and the WTO?
Treasury securities that have an interest rate of 8.5% will mature in six years over the next six years the inflation rate is projected at 6% for each of the next three years and 5% each year there after using T as the number of years to maturity of ..
Given data for Econland: Adult Population = 180 million; Unemployment Rate = 7.5%; NILF = 56 million. Compute the participation rate in Econland. Compute the employment rate in Econland.
A monopolist has determined that marginal revenue is $2.00 and average cost is $1.75. It has also determined that the lowest sustainable average cost is $1.75. To maximize profit, should the firm lower its price, increase its price, or leave the pric..
MGT571 E-Commerce Assignment - The U-Build-It Hardware Company, University of Management and Technology, USA.
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