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The United States exports a substantial amount of scrap iron and steel to Japan and other countries. Why do some U.S. users of scrap iron and steel support a prohibition on these exports?
Describe the changes in the model parameter(s) and resulting changes if any in the hiring decisions of the three types of firms.
Why do you think it is that the government has decreased the minimum wage since 1968?
What economic principle determines the optimal rotation period of a forest resource?
China's entry into the World Trade Organization (WTO) is likely to create more competition between local also foreign firms also provide China greater access to the marketplace for export.
Research a real life example of quantity control imposed by the government (find out a market with quantity control). Discuss through which mean (such as license, tax, or other means) the government imposes a quantity control, and what are the ineffi..
Consider a consumer that consumes only two goods, clothing and food. For this consumer, clothing is a normal good and Food is an inferior good. Please use an indifference curve-budget constraint diagram to draw the consumer decision in the initial si..
Identify what you will say on each of the following points: the role of state governments in public health, federal and state governments'.
q. gains from trade will result if a country specializes ina. the goods in which it have a comparative advantage.b. all
Assume that the savings are continuous throughout the year and that i = 6%. What is the present worth of the savings?
Raymond decides to set up a lemonade stand every weekend for the next four weeks to save up for the latest x-men comic. He has to pay his brother Robert $10 as a one-time payment for him to not bully Raymond or drive his customers away.
The utility function U(X1,X2)=X1^a + 2X2^b. Corresponds to preferences for perfect substitutes. All ordinary (non-Giffen) goods are also normal goods. (Hint: Use the Slutsky equation to support your answer) If consumer consumes only two goods, both o..
A mortgage with an APR higher than normal is a subprime mortgage. Whether or not you itemize your tax deductions, you reap tax benefits due to the tax deductibility of the interest payments on your mortgage. Most home owners have complete autonomy to..
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