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a. With free trada. If trade is avoided, Bangladesh consumes _____ pairs of socks at a price of _____ per socks.b. With free trade, for a world price of $4 per pair of socks, Bangladesh is producing _____pairs of socks.c. With free trade, for a world price of $4 per pair of socks, Bangladesh is consuming _______ pairs of socks.d. With free trade, for a world price of $4 per pair of socks, Bangladesh is importing _________pairs of socks.e. If the world price is $4 per sock, and the government of Bangladesh imposes a tariff of $1, Bangladesh produces ____________ and imports __________pairs of socks.f. If the world price is $4 per pair of socks, and the government of Bangladesh imposes a tariff of $1, how much tariff revenue will the Bangladesh government collect? _____ .e, for a world price of $4 per pair of socks, Bangladesh is producing _____pairs of socks.
In the IS-LM model, does a tax cut shift the IS or the LM curve?
In a market economy, investors have a strong incentive to undertake profitable investments. What makes an investment profitable? Do profitable investments create wealth? Why or why not? Do all investments create wealth? Discuss.
Kate and Alice are small-town ready-mix concrete duopolists. The market demand function is Qd = 20,000-200P where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $80 per cubic yard..
say you are the manager of a perfectly competitive firm selling a product. your business is making a loss because total
The demand for personal computers can be characterized by following point elasticity = -5, cross-price elasticity with software = -4, and income elasticity = 2.5. Indicate whether each of following statements is true or false, and describe your an..
The Federal Government announced a tax rebate of $500 for all individuals filing singly
What are your recommendations to the current administration considering the state of the economy and the level of national debt? What are the implications of your recommended course of action?
The university has built a new parking garage. There is always an available parking spot, but it costs $1 per day. Before the new garage was built, it usually took 15 minutes of cruising to find a parking space.
Describe the evolution of industrial production in the U.S. from 1790 to 1860. Use statistics to describe changes in production levels. Please include references.NO plagiarizing.Need references and there is no word count.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related. How do active and passive views of these concepts d..
What is the R-square of the regression and What does it mean and can you conclude the independent variables jointly affect the average housing price?
The pervasive problem of scarcity means that every society must choose among alternative uses of its limited resources. Society has only so much labor, capital, land and entrepreneurship that can be used to satisfy the unlimited wants of its members.
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