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Discussion
Tariffs indirectly limit imports by imposing taxes on imported items whereas quotas directly limit the quantity of imports. Compare and contrast tariffs and quotas in their effects on the U.S. economy in areas such as gross domestic product (GDP), inflation, employment or unemployment, producers and workers, consumers, and economic welfare. Are you in favor of tariffs and quotas or against them? Explain your reasoning.
Ilustrate what concern would you have about this sale and or lease back contract. Explain how would you price these two events differently.
Is this what we want our government to do? If not, why do we want government to be more like business?
The economy is in a crisis! How are we going to fix it? should we cut taxes or increase government spending? lets find out. Suppose the economy can be modeled as follows. C=100+.9Yd AE=C+I+G I=500 G=500 T=500. Graph the economy and solve for equilibr..
Explain how McDonalds goes from a sole proprietorship, to partnership to a corporation.
A. What is Say’s Law? How may it fail to hold in a monetary economy? B. Explain how deficit spending may increase national output in a setting of flagging private investment. How does the propensity of consumers to spend their income shape this effec..
Using two-part pricing , what will be the entry (membership) fee? What will be the per-unit fee? Compute the profit earned from a typical consumer with two-part pricing. Hint: same as perfect price discrimination profit.
The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. Find the perfect competition price and quantity. Calculate profit, social welfare (consumer and producer surpluses), and ..
Suppose the rural wage is $4, the urban wage is $10, and the probability of finding a job in the urban area is 50%. Will we observe positive levels of migration
just about everyone agrees that there is a legitimate and important role for government in business. where the
In class we have dealt with the profit function defined as:
Few orthopedic surgeons publish data describing their surgical volumes, infection rates, mortality rates, functional gain rates, or customer satisfaction rates.
The Bureau of Labor statistics (bls.gov) publishes the unemployment numbers. As we look at the historical number, what is your opinion on the Natural Rate of Unemployment? What is the lowest unemployment figure we have seen in the last 20 years? Thou..
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