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If the United States were to impose additional tariffs on cars imported from Japan, what would happen to the price of Japanese cars sold in the United States? What would happen to the price of American cars? What action might Japan take to continue to compete in the U.S. automobile market?
Which countries (and groups within a country) most likely oppose international labor standards? Explain why. Explain why some countries use voluntary export restraints (VER) instead of import quota? List and explain at least three reasons as to why c..
Illustrate what factor stores have in common behind their decline. Elucidate how would you conclude which were important also which were not.
School has issued a new bond, facedd at $1000, maturing in 20 years. It pays interest semi annually, at 8% nominal. The nterest rate of similar School bonds has decreased to 6%. What is the current market value of the School bond.
Explain the distinction Herman Daly makes between economic growth and economic development. Illustrate with examples. Why does Daly claim only the latter is sustainable?
If we know that expansionary monetary policy cannot create real economic growth in the long-run, why would it ever be used in the short-run?
Please distinguish between the Keynesian and Classical views about the correction of problems that arise from business cycle. Please define spending multiplier. What is its significance in fiscal policy discussion? What is loanable fund market about?..
Find the present-value equivalent to the following geometrically increasing series of payments.
Find the monopolist's profit-maximizing quantity and price
Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week. If this is a two-good, two nation model
they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
Let’s consider two smokers A and B who, following a 10% increase in the price of cigarettes, cut their smoking by 2% and 20% respectively. a) What is the price elasticity of demand for each consumer? Show all the steps of your calculation to get full..
Some people (e.g., Hayek) argue that decentralization of economic decisions in the economy leads to an efficient resource allocation. What differences exist within the firm that make the link between de- centralization and efficiency less clear?
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