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The US imports car tires from China. In 2009, the administration imposed a 35% tariff on imported tires. Draw a supply-demand diagram depicting the impact of a $35 tariff on a $100 tire. Remember to indicate tax revenue, deadweight loss, and consumer & producer surplus in the US before & after the tariff.
Consider a person who can work up to 80 hours each week at a pre-tax wage of $20 per hour but faces a constant 20% payroll tax. Under these conditions, the worker maximizes her utility by choosing to work 50 hours each week. On a single graph, draw t..
Your savings account was earning 3% interest. What are explicit and implicit costs of your decision. What is total opportunity cost this year of starting shop.
During the last year, the demand for books has been falling. At the same time, some industry observers expected that several smaller book manufacturers might exit the market due to the strong competition imposed by Kindle. Can you tell for certain wh..
q1. suppose that the government cuts taxes in response to a recessionary gap but because of legislative delays the tax
Corporate executives are pressured between conflicting interests of internal and external stakeholders. Provide a specific example of such a conflict. How can the conflict best be resolved?
The total market value of production in an economy must equal total: Participants in our economy include:
Discuss one recent price change that you have noticed while visiting your local supermarket. Determine whether or not the price change that you identified was a result of a change in either supply or demand.
Elucidate how does a firm determine its demand for capital funds during a specific period.
Illustrate how many would you expect to be sold under each pair of price and income demand elasticity estimates.
Discuss the issues involved in deciding upon a value of the social discount rate for evaluating the costs and benefits of current investments to mitigate and/or adapt to climate change.
Describe the Board of Governors. Be sure to include the number of years that they serve and the importance of appointing them for that number of years, how many members are on the board.
Based on discussions surrounding the controversy over the value of the Chinese yuan in foreign currency markets, is China still using central bank foreign exchange policy to maintain the value of the yuan?
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