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Should we be renegotiating NAFTA? yes or no? If it is renegotiated, should it be replaced? What reasons would make it better in your point of view? What is the best argument you can make why NAFTA should or should not be scrapped (and whether it should replace or not). Give some reasoning and evidence.
If the government increased taxes so that consumers had less money to spend, would this cause the spending multiplier to get larger, get smaller
A demand function is given: Q=210-3p. P=35. Find 3 things: The quantity that consumers will purchase at this price, The total revenue, and last, at this price and quantity, find the price elasticity of demand. Use point slope method to find this elas..
Using the axes and other information given below, Draw the graph of a monopolistically competitive firm that is making negative economic profits (losses) in the short run and will shut down operations immediately. Make sure you label all area of loss..
Suppose that one canister of Pringles costs £25, that of Macadamia Nuts costs $5 per can, and that the relative price of Macadamia Nuts in terms of Pringles is 3 cans per canister. Figure out the following: The dollar-pound exchange rate, i.e. the pr..
What benefit do economic models provide to decision makers seeking to manipulate economic conditions? In your posts, specifically address the models GDP, GDI, and their major components.
Do you think Fed independence (from the legislative and executive branches of government) helps or hinders the achievement of low and stable price inflation? Why?
Identify a particular industry (non-government) that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity. I..
Sketch graph a standard short-run production function, and identify on it the points where the average product peaks, the marginal product peaks, and the marginal product reaches zero, and the average and marginal product intersect.
In the language of economics, we describe an industry that requires very high capital costs for overhead to have a high "barrier to entry" and it is considered a competitive advantage. Can you describe what that is the case?
Over the Christmas Break, you are hired by Apple to help make the new iPad. Show completely labeled graph showing the initial equilibrium wage and quantity for the iPad labor market.
Elucidate how has the number of payroll jobs changed over the last 3 months and over last year in Antigua and Barbuda.
An increase in the market price of men's haircuts, from $15per haircut to $25 per haircut, initially causes a local barbershop to have its employees work over time to increase the number of daily haircuts provided from 35 to 45. What is the short-run..
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