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In the 1992 presidential elections, Ross Perot was speaking of NAFTA, which both of the other candidates (George H.W. Bush and Bill Clinton) supported. He made the statement about NAFTA ‘that giant sucking sound you hear will be your jobs being sent to Mexico.' Was he correct in his statement? Use information from the book and at least two internet sources to support your answer. In your opinion, was he correct to oppose NAFTA? Why or why not?
Proponents of government spending claim that it provides public goods that markets generally do not, such as military defense, enforcement of contracts, and police services. Standard economic theory holds that individuals have little incentive to ..
timmy tyler 52 years old was fired by his employer university tool and dye. after he was fired timmy received a letter
How do stocks and bonds differ in terms of the future payments that they are expected to make? Which type of investment (stocks or bonds) is considered to be more risky?
Suppose a firm has the following demand equation, Assume the company decreased the price to $2.50. Would this be beneficial? Explain. Illustrate your answer with the use of a demand schedule.
Determine what fiscal policy measure has a more direct impact to the economy, an increase in government spending or an equal decrease in taxes if consumer confidence is lower than the previous month.
unemployment is very high in large cities of many developing countries as people migrate to cities from rural areas
Calculate output, marginal cost, average cost, price, and profit at the average cost-minimizing activity level and calculate these values at the profit-maximizing activity level. Explain your answers briefly
suppose three identical firms are engaged in cournot competition in quantities. they all have marginal costs 40.
If the demand elasticity for kiwi fruit is -0.2, would kiwi farmers be better off if tropical storms destroyers 1% of each farmers crops what does that tell you about the farmers incentive to form a cartel
go back to the numberical example with no factor substitution that leads to the production possibility frontier in
suppose you now own a taxi company in aberdeen and you are the sole producer of this service. you have a taxi monopoly
Many economists would argue that private companies are likely to be more efficient than the government at operating airlines. Yet many economists would also argue that there is a valid reason for government to regulate the safety of those same air..
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