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Suppose that Congress imposes a tariff on imported autos to protect the U.S. auto industry from foreign competition. Assuming that the United States is a price taker in the world auto market, show on a diagram: the change in the quantity of imports, the loss to U.S. consumers, the gain to U.S. manufacturers, government revenue, and the deadweight loss associated with the tariff. The loss to consumers can be decomposed into three pieces: a gain to domestic producers, revenue for the government, and a deadweight loss. Use your diagram to identify these three pieces.
What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram.
Illustrate fiscal policy action might increase investment and speed economic growth.
Assuming migration is unimpeded and costless, which of the following statements is most accurate about the effect of immigration on wages in both the origin and destination nations?
when buying a car the seller suspects you have an ELASTIC demand
Calculate the year in which income every capita in the United States was equal to year 2010 income every capita in India.
Elucidate how many car companies will buy a latest car assembly machine. Interest payments are made once a year.
Suppose that a pay equity plan has just been put in place in your organization. The pay equity consulting firm did a job evaluation and assigned points to each of the male-dominated and female-dominated jobs.
Illustrate the marginal revenue curve that corresponds to positive marginal revenue. Line segments will automatically connect the points.
Illustrate what happens to the value of the owners' equity in this bank. Elucidate how large a decline in the value of bank assets would it take to reduce this bank's capital to zero.
Consider the first price auction. Write down the payoff matrix also find all Nash equilibrium
Suppose that the real interest rate increase to r = 0.11. Elucidate real output have to be for equilibrium price level to remain at its initial value.
Explain by how much did real GDP increase between 2002 and 2003. Velocity in the country of Shem is always stable.
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