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Several high-ranking politicians on Capitol Hill have argued that the US should increase tariffs on goods imported from China (and even some American allies) to correct the US balance of trade deficit with China. Who will gain and who will lose if tariffs are increased on Chinese imports? What will cause the gains and losses? Why does the government still use tariffs, even though there is a net loss from tariffs? What do you think "fair" trade means?
q1. suppose that businesses buy a total of 170 billion of the four resources labor land capital and entrepreneurial
A warehouse is proposed costing $200,000. The warehouse has a useful life of 35 years and a salvage value of $35,000. Annual receipts of $37,000 are expected, annual maintenance and administration costs will be $8,000/year and taxes $5,000 per year. ..
In the Austrian theory of the "pure" rate of interest in a free market, interest rates are a function of
In a socialist economic system, people are free to choose an occupation of their choice, but many people work in ___ jobs.
illustrate what type of unemployment will then occur. What is the natural rate of unemployment.
Define entrepreneurs and describe the entrepreneurial characteristics/competencies portrayed by the character Carl Casper in the movie. In your opinion, what factors lead the main character, Carl Casper, to start his food truck business? Discuss the ..
Why do we define money? What are the components of money supply?
If the consumer's budget constraint is given by 10F + 5S = 100 where F is food and S is shelter, what is the opportunity cost of food in terms of shelter?
Use the accompanying graph to illustrate the short-run equilibrium of a monopolistically competitive firm. (b) At the equilibrium, what is (i) Price? (ii) Output? (iii) Total profit? (c) Identify the long-run equilibrium of the same firm. (d) In long..
What are the functions and responsibilities of the Federal Reserve?
How much must be deposited each month for 9 months at an interest rate of 6.9% per month to allow for a single withdrawal of $50,854.48 at the same time as the last deposit?
Illustrate what is the most effective process of decreasing the quantity of drugs consumed and decreasing the amount of drug-related crime.
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