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Types of Trade Restrictions
Identify and explain three trade restrictions. In your opinion, which method of restricting trade is the most efficient?
Illustrate what would happen to the demand for iPhones if consumer income rises by 10%. Be specific. Are iPhones a normal or an inferior good.
A company analyse it has the following short-run demand. What initial price should the firm charge.
Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve given in the following table:
A nation has a lower inflation rate than all other nations, It has more rapid economic growth.
Illustrate what does the term "Recession" mean and how do we know when one occurs. How does government intervene to move the economy out of a recession.
Using the static classical AD/YP model, demonstrate the effect of each of the following changes.
It cannot be as the inflation by definition real wages have factored inflation in.
Develop an exponential smoothing forecast with smoothing constants α =0.1 and 0.3. What would be the forecast for week 11?
Illustrate what will happen to the wages of IT professionals when there is a glut of workers. In terms of supply and demand, what can individual IT professionals do to increase their wages.
Government needs to eliminate the gap by changing expenditures. What policy would you suggest.
Suppose that Hump Ridge Company produces and sells two products, x and z, and that its total cost is given by-What does λ equal? What does it mean?
Elucidate why and the benefits/drawbacks of this strategy. Describe each tool and how it is used to achieve it desired effect on the US money supply.
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