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Question -
1. Distinguish between in traindustry trade and interindustry trade. What are some major determinants of in traindustry trade?
2. What is meant by the term industrial policy? How do governments attempt to create comparative advantage in sunrise sectors of the economy? What are some problems encountered when attempting to implement industrial policy?
3. How can governmental regulatory policies affect an industry's international competitiveness?
In relation to trade, give real examples as the motivation for trade in an economic perspective.
1. When on the gold standard, to maintain its mint parity value and the value of its currency a nation must condition its money stock on the level of gold reserves it has.
A person managing a laundry for someone else for $30,000 per year decides for open his own laundry. Revenue during the first year of operation is $100,000 and the expenses are $3,000 for salaries, $10,000 for supplies, $8000 for rent, $2000 for ut..
Estimate the cost for the blower. The power-sizing exponent for a centrifugal blower is 0.59.
In this way, resulting legislation would reflect the interests of the many rather than those of a particular faction. In practice, what are the dangers and inefficiencies when party unity and partisanship cause Congress to become deadlocked and un..
To increase revenue and profit, a firm is considering a 4% increase and an 11% increase in advertising. If the price elasticity of demand is -1.5 and the advertising elasticity of demand is +0.6, would you expect an increase or decrease in total r..
Moving Equilibrium. Show the effect of each on the monopoly market equilibrium; you don't need to have exact answers but explain the direction of change in the demand and/or marginal cost curves.
There are multiple issues associated with such an action and since this is an economics class, what are the economic impacts of building such a wall? What are the economic risks of not building such a wall
1) Table 1 below describes the revenue that a monopolist is able to make for different levels of output (denoted by Q). The total cost (TC) for a given value of output Q is given by the formula: TC = 20 + Q + Q2 (in words, total cost is given by tw..
Output total variable total fixed Total cost ave.variable ave.fixed ave.total Marginal
i) What is the total change in reserve for the banking system. ii) What is the maximum change in the money supply as a result of securities purchase
Economic data has shown a relationship between Inflation and Unemployment rates. What is this relationship called? What are some determining factors of the relationship? How has government fiscal/monetary policy been utilized to attempt to manage ..
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