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Trade and Inequality
In this question we will use the Specific Factors Model. Consider the case of Brazil, which we assume can produce Soybeans and Cars. Soybeans are produced with land and labor. Cars are produced with capital and labor. Labor is freely mobile across sectors, but land and capital are fixed in their own sectors.
Draw a figure illustrating the autarky equilibrium in Brazil. Be sure to include: (i) the PPF, (ii) the price line, (iii) the country-wide indifference curve. Label consumption and production. Draw Cars on the x-axis.
Compute the unweighted-average nominal tariff rate for Tarheelia nominal tariff rate for Tarheelia.
Consider a market in which the market demand is given by P = $900 - Q. Suppose a single-price monopolist with MC = $100 controls the market. a. Calculate the monopolist's profit-maximizing output and price.
Suppose that the firm’s production function is given by Q = 10KL1/3. The firm’s capital is fixed at K. What amount of labor will the firm hire to solve its short-run cost-minimization problem?
Assume that the financial manager is considering stretching the firm's accounts payable by paying its vendors at a later date.
The Environment Ministry in Japan proposed new carbon tax in order to meet Japan obligations to decrease carbon dioxide emissions under Kyoto Treaty.
Is the current Monetary Policy expansionary or contractionary? Give your reasons for your answer. What effects does the Federal Reserve expect this policy to have on the U.S economy?
As people spend more and more time online, Click-to-Accept agreements have become increasingly common. Do people really read these types of agreements? Is it fair to hold consumers to these terms? Find an example of a case where a court did not enfor..
q1. as this is a issues of involving selling prices of hamburgers also the quantity of hamburgers consumers which would
Tierre's Ts, Inc. reported a debt to equity ratio of 3.9 times at the end of 2008. If the firm's total assets at year-end were $15.9 million
Why does the firm’s supply curve slope up in the long run (i.e. what assumption is employed to argue that the supply curve slopes up in the long run)?
Consider the demand for a product defined to be “cereal.” What would be included in the definition of this product? When considering the demand for this product, the market area typically would consist of what geographic area? How would the quantity ..
Are monopolies and oligopolies (firms demonstrating power) always bad for society? Be sure to provide real world examples of where this may be the case to strengthen your position. Provide at least one example of a case where having a monopoly or oli..
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