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The Japanese people currently pay about four times the world price for rice. If Japan removed its trade barriers so that Japanese consumers could buy rice at the world price, who would be better off and who would be worse off: Japanese consumers or Japanese rice farmers? If we added all the gains and losses to the Japanese, would there be a net gain or net loss? Who would make a greater effort lobbying, for or against, this reduction in trade barriers: Japanese consumers or Japanese rice farmers?
Assume that we have a economy with no government and no capital investment that is closed to the outside world.draw a simple circular flow diagram with just firms:downstream firms that product final goods and services for consumption, and upstream..
Determine the Price Elasticity from the Characteristics and make up numbers to use. Be sure to identify this if you use this approach.
The directors of Ace Airlines have decided to incentivize their 1,000 employees by issuing every one of them 200 shares of stock.
Assume the marginal benefit pollution reduction applies to the overall level (for the two firms combined) and not to each firm separately.
The VP of Manufacturing is concerned about the project's economic viability if the equipment life varies from the 10-year estimate, and the VP of Marketing is concerned about sen- sitivity to the revenue estimate if the annual decrease is larger o..
The real value of the debt (in 1995 dollars) in 1995 was $3.6 trillion and in 1980 was $1.3 trillion. Assume that 50 percent of this buildup in the debt would have gone into investment, so that the capital stock would have been $1.15 trillion larg..
Jim borrows $52000 from a local bank at an APR of 7.2% compounded monthly. His monthly payments are $52000(A/P, 0.6%, 54) = $1128 for a 54 month loan. If Jim makes an extra payment on the first month of each year, his repayment duration for the loan ..
This assignment addresses how both monetary and fiscal policies have been used during the so-called Great Recession, which began in December 2007 and ended.
Define the price elasticity of demand? What information does it provide? How is it calculated? Define the income elasticity of demand?
Yesterday you were consuming 4 eggs and 2 strips of bacon. Today you are consuming 3 eggs and 3 strips of bacon. If you have the same taste what might have caused this change? Are you better or worse off?
write an essayause an indifference curve-budget line analysis to depict the situations prior to the ban on smoking of a
Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $60,000 and her store made $125,000 in profits (not counting payment to her top manager). She suspected t..
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