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1. Quotas and tariffs can:
Yield the same amount of tax revenue if they are set appropriately.
?Have the same effect on the price of domestically produced goods if they are set appropriately.
?Both increase international trade by the same amount if set appropriately.
?Never have the same effect on imports and import prices.
2. ?Macroeconomics is:
?The study of pricing policies of firms and the purchasing decisions of households.
?The study of aggregate economic relationships.
?An analysis of economic reality that proceeds from the parts to the whole.
?The study of individual choice and how that choice is influenced by economic forces.
You have come to realize which you are only buying 3 bottles of wine a week now whereas you utilized to buy six bottles of wine when you made $60,000 a yr. Given this situation you would describe wine as a.
Galvanized Products is considering a new computer system for their enterprise data management system. The vendor has quoted a purchase price of $100,000. Galvanized Products is planning to borrow one-fourth of the purchase price from a bank at 15 per..
What are the three variables that can cause a shift in the aggregate demand curve?
Place the items into the columns according to whether a change in the item would cause the curve to shift. If an item\'s change shifts more than one curve, place it in a single column according to this order: Long Run Aggregate Supply - Short Run Agg..
f the money supply is Ms1 and the goal of the monetary authorities is full-employment output Qf, they should:
When the Bell System was broken up, the old AT&T was split into a new AT&T in addition to seven regional telephone companies. The specific reason for forcing the breakup was to increase the degree of competition in the telephone industry. Do you thin..
Suppose the country of Lilliput exported 263 billion dollars worth of goods while they imported 477 billion dollars worth of goods in the last calendar year. Calculate Lilliput\'s balance of trade:_____ billions of dollars.
Describe the problem of “adverse selection” when health insurance is offered at a community rated premium? Define the term “community rated premium” as well. Is it possible to address the problem of adverse selection by increasing the premium level? ..
Assume the market for oil is perfectly competitive, with the following market demand and supply curves: Find the equilibrium price and quantity for this market. Calculate consumer and producer surplus in the competitive equilibrium.
q1. in a perfectly competitive firm when you have a table which gives quantity cost total costs explain how can you
Presently, AFC has on its medical staff 10 doctors and 10 nurses. The daily wage of a doctor is $600, whereas a nurse is paid only $200 a day. Is the mix of doctors and nurses the clinic is presently using optimal? Explain.
Find an article (newspaper, magazine, or online) that shows the use of money. Your article shows money performing (or failing to perform) at least one of the following functions: (a) medium of exchange, (b) store of value, or (c) standard of value. W..
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