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How is Trade Openness measured?
How does Trade Openness compare to countries' GDP per capita?
A 30% tariff is imposed on imported solar panels. Assuming demand stays the same, what would be the new Q* and P(Q*)?
Firms apply marginal analysis to maximize the following production goal. The market economy would produce too? _______ healthcare because the marginal social benefit from healthcare? _______ the marginal benefit perceived by its consumers.
What services do you predict Bangalore India exports and what services do you predict it imports.
Which of the following criteria must be satisfied when selecting a policy? instrument?
You may assume that this sales engineer is in the 28% incremental tax bracket. Use MACRS depreciation.
Suppose that this year’s money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5 trillion. What is the price level? What is the velocity of money? Suppose that velocity is constant and the economy’s output of goods and services ..
Your company has just signed a three- year non renewable contract with the city of New Orleans for earthmoving work. You are investigating the purchase of heavy construction equipment for this job. The equipment cost $200,000 and qualifies for 5 year..
Suppose for a particular production function that If the price of capital is $5 per unit and the price of labor is $125 per unit, at the cost minimizing combination of capital and labor, the firm should employ
Suppose the total cost of producing a given quantity of a good is given by: TC = X1/2 where TC is total cost and X is the quantity of the good. Given this information, determine whether production of the good is characterized by increasing returns to..
Consumer surplus a. added to producer surplus provides a measure of the gain to society from the production and consumption of the good. b. is positive for all but the last unit purchased. c. for a particular unit of consumption is measured by taking..
Aztec Enterprises depends heavily on advertising to sell it's products. Management at Aztec is allowed to spend $2 million monthly on advertising, but no more than this amount. Each month, Aztec spends exactly $2 million on advertising. What is Aztec..
At what price would these bonds sell in the marketplace? How many bonds would the firm have to issue to raise $1 million?
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