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1. In some OECD countries, agriculture is heavily protected, and governments provide public support at least in part to preserve traditional life styles. What are the merits and de- merits of using trade restrictions to achieve this aim?
2. What is the comparative advantage of your country? Can the Heckscher-Ohlin model explain it?
Rent-seeking behavior results in a)increased economic activity by promoting efficiency b)lower economic acitivity by diverting resources to less-productive uses c)a more equitable distributionof income and wealth
Explain how an increased federal budget deficit resulting from a recession can actually help stabilize an economy. Describe how adjustments in wages and prices take the economy from the short-run equilibrium to the long-run equilibrium
the forecasting staff for the prizer corporation has developed a model to predict sales of its air-cushioned-ride
How family panning policies would change the steady state in a Solow model. A. Draw the initial diagram. B. Suppose that the family planning policies lowered the fertility rate. Which curve or curves will this shift?
Find the firm's profit-maximizing quantity as a function of A. (Hint: Treating A as fixed, we have MR = 50 + A.5 - 2Q.) Do the same for the firm's price. Explain these results.
Freemiumis a business model that gives free access but charges for premium features. Many social games fall into this category. On the social networks, why is it difficult to generate revenue through advertising? Why is it particularly hard for..
Find Marens consumption in the two periods ( as a function of m1,m2 and r)3) If the interest rises, how will Maren chanhe her consumption in each of the two periodes
a generous university benefactor has agreed to donate a large amount of money for student scholarships. the money can
Assume a firm's production function is given by Q = 12L - L^2 for L = 0 to 6, where L is labour input per day and Q is output per day. Derive and draw the firm's demand for labour curve if output sells for $10 in competitive market.
Reffland Corporation is charging $6 per pizza in a perfectly competitive market. They realize that when producing 100 pizzas, they face total fixed costs of $500 and total variable costs of $200. The next unit costs $4 to produce
1 good reason why quantity demanded increases when its price falls is that the: a. lower price shifts the supply curve to the left b. lower price shifts the demand curve to the left c. lower price shifts the demand curve to the right d. lower price e..
Presume that a monopolist charges (a uniform) price P = $24 and the price elasticity of demand is -6. We can conclude that its marginal cost should be:
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