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Q. It may be argued that Japan's explicit of its microchip industry was an excellent example of successful industrial policy. What criteria would you apply to determine where such a policy is or is not successful? Judging from your own stated criteria, was Japan's exercise successful? Why or Why not?
Assume a per-unit tax of $2.00 is levied on the producers of Gadgets. Illustrate what is the after-tax market equilibrium price and quantity.
Illustrate what cost should each industry charge if it wants to maximize its profit. Why are costs and output of industries 1 and 2 same however different for industry 3.
Now allow Foreign and Home to trade with each other, at zero transportation cost. Find out and draw a graph of equilibrium under free trade.
Sheila budgets $9 per week for her morning coffee with milk. She likes it only if it is prepared with 4 parts of coffee and 1 part milk.
Consider a small economy in which consumers buy only two goods pies and tarts. In order to compute the consumer price index for this economy for two or more consecutive years.
Find out the equilibrium price and quantity that will prevail in the market. At a price of $10, would there be a surplus or shortage.
Provide an example for each about decision-making, interaction and workings or economy. Elucidate how that influences marginal profits and marginal costs associated with decision to purchase a new home.
After that Dewey's opportunity cost of producing one bushel of corn is 1/2 yard of cloth.
Explain should decision management as well as decision control be separated.
If the government unexpectedly levies a five-cent tax on every gallon sold by gasoline retailers, illustrate what will happen to the representative firm's cost curves.
Describe, using complete sentences, at least three specific features which your ideal bank would provide to you.
Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP.
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