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1.What factors are important in determining the length of the imitation lag and the length of the demand lag? Explain.
2.Ignoring the mathematics, explain the operation of the Krugman model in economic terms, and indicate the principal lessons of it.
3.Why is an increase in the number of varieties of a good regarded as a gain from trade? Can you think of economic disadvantages associated with greater product variety? Explain.
4.Is the distinction between "intra-industry trade" and "inter industry trade" a useful distinction? Why or why not?
Suppose that in Canada the opportunity cost of producing two television sets is three bushels of wheat. Suppose that in the United States the opportunity cost of producing 2 bushels of wheat is 3 television sets.
Explain the influence that transferable property rights versus non-transferable property rights, has on individual decision making.
When economists with different political views do cost or profit comparisons, they often reach different decisions. If their analysis is based on objective costs and valid techniques, why would not they reach similar decisions,
Assessing the overall financial health of your organization and determine what are good and bad signs, if any, in your outlook?
Government needs to eliminate the gap by changing expenditures. What policy would you suggest.
Elucidate how the market for corn would be affected if ethanol, a corn derivative was used to fuel cars in the United States.
QuadPlex movie is the only movie theater in Idaho Falls. The nearest rival cenima theater.
The MPI is defined as increase, decrease or not affect the value of the government expenditures multiplier? Explain!
In providing assistance to the states like Washington has in the past attached strings which have dictated state legislation.
Create a graph of that charts out the Federal Surpluses / Deficits and Real GDP in each year from 1965 to 2011. (Be careful with the Surplus / Deficit data, since there is an additional entry to account for a change in how the data ..
Given major housing boom that contributed to economic growth in the United State from 2003 through 2008, some of revenues that local governments received were from development impact fee.
Determine what effect on a country's current account balance is an increase in use of quotas expected to have? Would your answer change if other governments retaliate? If so, how?
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