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Amateur economists Cal Naughton, Jr. and Ricky Bobby disagree over an international trade issue. Cal claims that trade barriers are bad for the economy. Ricky Bobby is sure that they protect domestic workers so they must be good for the economy. Who is right? Choose the person (and his claim) which is supported by mainstream economists and explain the reasoning.
For what reasons might economists be interested in segmentation in tourism? Discuss the three methods of segmentation or the tourists' market.
Consider the Solow model with population growth. Assume that population can grow attwo different rates n1 and n2, where n1 > n2. The population growth rate depends on thelevel of output per capita (and therefore the level of capital per capita). S..
Describe the transition from short-run to long-run equilibrium in a monopolistically competitive industry.
Between two production technologies firm can choose a new product line. If it installs expertise 1, it's annually costs.
In 1991, Congress imposed a 10 percent excise tax on the portion of the retail price of certain items that exceeded the following: $30,000 for automobiles, $100,000 for yachts, and $10,000 for jewelry and furs. Evaluate these taxes using the normativ..
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms.
Statistics 201 is a course taught at a university. Professor Rauch has taught nearly 1,500 students in the course over the past 5 years. You would like to know the average grade for the course. Two chimpanzees chosen to carry out genetic research.
Inflation is 4%. If $1000 is invested in an account paying 6% compounded semiannually, what is the Year-0 dollar value of the account at the end of the 5 years?
What market structure does the sale of cellphones in the USA represent? Why? How has it changed since the monopoly of Ma Bell? Provide examples.
Identify the strategic objectives of the entire organization and the secondary objectives for your unit. Then develop three specific objectives within each of the four perspectives for the unit. Each objective should have at least one quantified targ..
The department uses an interest rate of 8% and plans a 50-year life for either bridge. Which design has the most favorable net present worth?
Most large urban areas have a mass transit and railway system that facilitates travel within the city, and in some cases, between the city and its neighboring areas and suburbs. What are the benefits and costs of maintaining a mass public transport s..
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