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When no trade is allowed some people in the country will benefit and others will lose. Who are they? What is the overall impact in the economy? Is the benefit greater than the cost?
Why would nations impose trade restrictions if trade is so beneficial?
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 ? Q. Suppose fixed costs rise to $200. What will happen in the market?
You are running a company that is owned by stockholders. Your goal is to maximize shareholder value. Explain how each of the following events is likely to affect shareholder value and identify uncertainties related to their effects.
What is the best definition of the basket of goods and services included in the consumer price index?
Frisbees are produced according to the production function: q= 2K + L where q=output K=capital input per hour L=labor input per hour a) If K=10, how much L is needed to produce 100 Frisbees per hour? What is the RTS along this isoquant? Explain why t..
A college has a small discipline problem. Students frequently discharge the water-filled fire extinguishers for fun. Obviously, it is a safety hazard when fire extinguishers are empty. The college's punishment is a $400 fine. Can you explain what mig..
Katie is planning to sell her house, and she is considering making two upgrades to the house before listing it for sale. Replacing the carpeting will cost her $2, 500 and replacing the roof will cost her $9,000. Katie expects the new carpeting to inc..
When comparing the negotiating styles and strategies of French versus Spanish negotiators, a number of sharp contrasts are evident.
What is the effect of bad weather for farming or some other temporary decrease in the availability of raw materials?
Introduce and explain the concept of social welfare - define and describe the laws of demand and supply
In regard to developing countries, if American foreign policy makers have to choose between supporting an election that brings to power an anti-American government or supporting a dictator who is pro-American, which should they choose, and why? ? How..
Explain why the International Trade Administration suggest that some causes piloting the growth in the world population, rising incidences of chronic diseases, increasing elderly population, and higher disposable incomes. Other reasons motives includ..
Conduct a gap analysis for the? bank, and show what will happen to bank profits if interest rates rise by 5 percentage points.
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