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Use the theory to confront the different views with critical thinking; personal opinions are not welcomed. Explain the benefits of free trade. You must summarize the readings of the week; you must provide real life examples and explain them using the theory. Explain the controversies over free trade, who are the winners and losers, and why. You must summarize the readings; you must provide real life examples and explain them using the theory. Explain the pros and cons of tariffs to restrict imports. You must summarize your conclusions.
Inflation and the quantity theory: Suppose velocity is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year.
What tools do you think businesses can use ti establish their own demand and supply issues?
Define a normal profit and an economic profit. Are normal profits being earned in this example? Are economic profits present for this firm in this example?
Suppose the alternative, that the open market desk does nothing different, that is, they hold the amount of reserves constant. What happens in the reserve market? What is the market clearing fed funds rate now? Label this development, that is, ..
Considering a two-player, one-shot simultaneous-move game, and each player can choose strategy A or B. If both players choose A, they both get $400; and if both players choose B, each of them gets a payoff of $200. If one chooses strategy A and the o..
A study of the amount of violence viewed on television as it relates to the age of the viewer yielded the results shown in the accompanying table for 81 people. Do the data indicate that viewing of violence is not independent of age of viewer, at t..
The U.S. government offers significant per unit subsidy payments to U.S. sugar growers. Describe the effects of the introduction of such subsidies on the market for sugar and themarket for artificial sweeteners. Explain whether the demand curve (D..
Discuss why this might have happened in terms of shifting supply and demand curves.
Which of these two approaches are preferable(explain them).State the crdinalist and ordinalist conditions for consumer equilibrium.
problem-solving question use the following data for a pure monopoly to calculate the firms a total revenue marginal
Assume the central bank of the economy described in the last problem expands the money supply and manages to reduce the interest rate to 3.2 %. Determine the new equilibrium values of the endogenous variables.
The following table shows the hypothetical monthly demand and supply schedules for cans of macadamia nuts in Hawaii. a. What is the equilibrium price of macadamia nuts in Hawaii?
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