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Problem
1. What are the terms of trade?
2. What factors inhibit international trade?
3. Give three arguments for trade protection policies.
Explain by using an appropriate diagram why the profit maximization condition for a firm is "marginal revenue equals marginal cost"
Suppose that the government thinks that gasoline consumption is too high. Suppose the government wishes to decrease gasoline consumption by 20,000 gallons per day. How big an excise tax would need to be imposed in this market in order for the governm..
explain the most important characteristic in perfect competition monopolistic competition oligopoly and monopolies and
Consider the following information for an economy. Calculate the equilibrium national income for this economy. Calculate the multiplier for the economy.
Give the percentage change in the rental on capital and percentage change in wage and compare the magnitude of the percentage in the rental on capital with percentage change in wage in part (b). Use notational format.
Jameson is a 32-year-old father of three who thought he had finally found a career. While working as an assistant manager at a local shoe store, a customer.
suppose a consumer has 600 to spend on two goods good x and good y. the price of good x is given by px 20. the price
What clarification do you need regarding the posting and what differences or similarities do you see between your posting and other classmates' postings?
Explain the selected theories, and then evaluate GEH's reasoning. Explain possible pitfalls for such strategy from GEH's perspective. Identify solutions to the possible pitfalls for the strategy.
The demand for labor is said to be a derived demand
Assume that keynesian model applies to the economy in the short-run. After the stock market fell sharply in 2008, the aggregate denabd decreased greatly around the world. using the aggregate supply and aggregate supply (ad-as) analysis, explain th..
Determine the factors involved in making decisions about pricing these products that you believe to be the most influential. Provide a rationale for your response.
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