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1. What is meant by the statement that China “is labor-abundant and land scarce.”? What affect does that fact on China’s willingness to trade?
2. The predictions for China based on the material in Chapter 4 are said to have started to become true in 1976. What happened in 1976 to affect these predictions and how did that event contribute to these predictions coming true?
Explain how this tax or subsidy would achieve the socially efficient level of output. Among the various interested parties - the monopoly firm, the monopoly's consumers, and other taxpayers - who would support the policy and who would oppose it?
What are the problems faced in determining the demand for a durable good? Illustrate with example of demand for households refrigerator or television set.
what are the weaknesses and strengths of the various forms of business? why do corporations tend to be so much larger
what is the logic behind the theory of purchasing-power parity? suppose that money supply growth continues to be higher
Given the recent events in the US Airways and American Airlines merger, one has to wonder, is the airline industry monopolistic? Which is worse, monopolies or competition? Describe your answer.
part-1what is the difference between average total cost and average variable cost?part-2michelle slatalla new york
tiger-el is an upstream manufacturer of electric trains that sells wholesale to the great toy store the only such store
The owner of a fast-food restaurant estimates that she can produce and sell 1,000 additional hamburgers per day by renting more automated equipment at a cost of $100 per day.
what are the four assumptions in the production possibilities curve and how can unemployment be illustrated with that
Find out the Marginal Revenue and Marginal Cost
Consider the role the U.S. government has taken in the regulation of banks, as well as the history of major banking regulations, and predict the next major regulatory move by the U.S. government. Explain your rationale.
scans of internal organs using magnetic resonance imaging mri. these devices are often covered by subsidized health
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