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Typically, hard economic times decrease nativism.
True/False
Robert Reich, former Secretary of Labor in the Clinton administration, makes the point that labor is more mobile than capital.
Europeans lead the world in terms of the quantity of genetically modified (GM) foods consumed.
An example of the theory of efficiency wages is when employers pay less than the going rate to their employees.
Some of the solutions offered for ending poverty include increasing welfare programs, and eliminating training programs.
Protectionism is where the government protects domestic industry from overseas competition.
A dollar today is more valuable than a dollar tomorrow.
External costs are imposed when an action by one person or firm harms another, outside of any market exchange.
A demand function is given: Q=210-3p. P=35. Find 3 things: The quantity that consumers will purchase at this price, The total revenue, and last, at this price and quantity, find the price elasticity of demand. Use point slope method to find this elas..
Suppose the Herfindahl-Hirschman Index for the pulp and paper industry is 173 and the Herfindahl-Hirschman Index for the pharmaceutical industry is 446.3. What does this data suggest about the competitive landscape in the pulp and paper industry rela..
If one country has per capita income of $15, 000 and its economic growth rate is 5 percent per year, what will its per capita income be in 10 years? About how many years will it take to catch up to a country where the per capita income is $30, 000 pe..
(Marketting) When introducing new products, some manufacturers set a high initial price and then reduce price later. However, reducing price also reduces contribution margins, which in turn impacts profitability. To be profitable, the reduced price m..
Consider a Cournot duopoly with the inverse demand P = 260 - 2Q. Firms 1 and 2 compete by simultaneously choosing their quantities. Both firms have constant marginal and average cost M C = AC = 20. Find each firm’s best response function.Find the Cou..
Draw a fully labeled figure of the FE line, the LM curve and the IS curve. Label the point where all three curves intersect E. Show in the figure how the curves move in response to a positive supply shock (i.e. an increase in A). Then answer how each..
Suppose Mike and Johnson produce two products- hamburgers and T-shirts. Mike produces 10 hamburgers or 3 T-shirts a day and Johnson produces 7 hamburgers or 4 T-shirts. Assuming they can devote time in making either hamburgers or T-shirts. Draw the p..
It is now a year later, and country B removes all remaining restraints on trade with country A. Draw diagrams to show, from Country B’s perspective, how this action is likely to generate both trade creation and trade diversion during the current year..
The EarthCom Company prices its wireless service differently in the two market segments it serves even though the cost of adding a new customer is the same in each segment. Market research has shown that EarthCom can increase its profits by price-dis..
What performance % would you use to trigger executive bonuses for that year.
Why is it difficult to analyze the welfare implications of growth in the neoclassical model? What proxy is often used to reach a conclusion about the effects of growth? What leads to the conclusion that, if welfare is to improve with growth in the la..
Smoke detectors have been shown to effectively reduce the death rate due to fires. In order to ensure that as many individuals as possible install a smoke detector, the government recently decided to subsidize the production of smoke detectors. Which..
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