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Q1. Portland and Aleland are two identical countries. Beer manufacturers in each country compete under monopolistic competition.
a. Suppose the two countries connect in trade. Conclude the impact of free trade on consumers in Portland.
b. How does trade affect the productivity of surviving domestic producers in Portland?
Q2. Explain how the indifference curve and budget line apparatus are used to derive a consumer's demand curve. For a demand curve, certain things are held steady. Explain what are they also how does this approach hold them constant?
Could trade help reduce poverty in Brazil and other developing countries. How do product and factor prices and wages eventually equalize between the two countries.
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As a business owner making a final decision regarding the international aspects of a business decision, you may decide to set up a table with the risks and weigh their relative importance against the rate of return you foresee
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A machine used to cereal boxes dispenses, on the average, ounces per box. What is the largest value.
If the government uses a tax to get producers to internalize their externality, what is the net price received by producers.
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