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If NAFTA (the free trade agreement) suddenly failed and the USA greatly restricted trade with all other countries including Canada, what do you think the impact would be on Canada? Describe / Show how the reduced exports would affect the Canadian economy in the short and longer term.
Discuss which economic theories or relationships you have studied up until now (not just in this class – in all your economics classes) that could be estimated using the multiple linear regression model. Explain your rationale.
In consumer-directed health insurance plans it is possible to have low levels of deadweight loss from moral hazard, while also having low coinsurance rates and no supply-side restrictions. State policies that mandated the release of physician report ..
According to Friedman and Phelps, when is the unemployment rate above the natural rate?
Mercantilism is a bankrupt theory that has no place in the modern world. Discuss. Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as "unfair" impor..
Assume that you were a small country, what would you rather have a comparative or absolute advantage with trading? Explain your reasoning.
In the 1980s, a shortage of registered nurses in the United States led to an increase of almost 21 percent in the real average hourly earnings of RNs from 1981 to 1989 (Pope and Menke, 1990). This increase was the highest of any occupational group. U..
Producers will be made to pay a tax for each beer sold. Use a graph to elucidate why the tax burden will not actually fall on the people that this person wants to punish.
As a group, oligopolists would always be better off if they would act collectively. Factor markets for baked goods are influenced by the: Why?
If the remaining half of the market (ie. 500 buyers) have to obtain the product elsewhere by paying for it, noting that some may find the market rate
In the Malthusian model, suppose that there is a technological advance that reduces death rates. Using diagrams, determine the effects of this in the long-run steady state and explain your results.
Explain how does the price elasticity for flu vaccinations change in times when flu is more prevalent versus times when flu is less prevalen.
Which of the hypothetical weights of pi for the target incentive system w = s + bp, is likely most efficient from the principal's perspective?
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