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This post addresses trade liberalization.
Trade liberalization conflicts with morally-conscious environmental policies. While it is true that economic growth is necessary for general welfare and that economic growth requires the use of many natural resources that these resources are also affected, it is also true that only with moral conscious policies and rules that establish a priority the protection the environment, we can have a better world focused on the ecological protection.
What is the argument to support this?
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
You are a manager of a large but privately held online retailer that currently uses 17 unskilled workers and 6 semiskilled workers at its warehouse to box and ship the products it sells online.
The demand function for VCRs has been estimated to be Qv = 123 - 1.7Pt + 46 Pm - 2.1Pv -5M, where Qv is the quantity of VCRs,Pt is the price of a videocassette, pmis the price of a movie, Pv is the price of a VCR, and M is income.
Show that, with a linear demand curve, the imposition of a per-unit tax on a monopoly will cause price to rise by less than the tax. Would this be true for a constant elasticity demand curve?
Assume the 3 firms compete for market share over an infinite time horizon. Each firm takes the present value of 1 dollar tomorrow to be X dollars today, where 0
Engineers at national research laboratory built a prototype automobile which could be driven 180 miles on single gallon of unleaded gasoline. They estimated that in the mass production the care would cost 40k for each unit to build.
What is your economic cost of buying a ticket? What is your economic cost of attending the game (once you already bought the ticket)?
Which of the following is the result of competing through advertising for a monopolistically competitive firm? Which of the following is true about advertising?
Assume x and y are the only two goods a person consumes. If after a rise in p x , the quantity demanded of y decreases, one could say
Compute the producer surplus from parts a and b. Are producers better or worse off as a result of international trade? Discuss why.
Credit cards are sometimes discussed as a public problem. In 2001, purchases on credit cards accounted for 21% of consumer spending in America, which has the lowest savings rate of any big country.
Explain whether monetary and in-kind payments are sources of motivation. If they are not, defend your answer.
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