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Question: Suppose the president of the United States is thinking of imposing tariffs on imported steel to protect the interests of the domestic steel industry As an economic adviser the president, what would be your recommendations? How would you set up an econometric study to assess the consequences of imposing the tariff?
Identify the key fiscal policy tools that the government can use to shift the aggregate demand curve and briefly describe how those tools affect aggregate demand
you are to research the rise and fall of the early days of the world wide web. in 1993 tim berners-lee created the web
What is Zynga's profit-maximizing number of games to be published and what is the total amount of the externality at Zynga's profit-maximizing quantity?
Ithaca is considering a new $50,000 snowplow that will save the city $600 per day of use compared to the existing one. It should last 10 years and have.
Calculate the expected level of demand in a typical market and indicate the range within which actual demand is expected to fall with 95% confidence.
The market for Sugar beet is in equilibrium at P = $15 and Q = 229995. The price elasticity of demand is -1. The price elasticity of supply is 0.6. Now assume that the government imposes a quota which reduces supply to 183,996
"In response to demand shocks, short-term quantity adjustments occur earlier than price adjustment at the level of both the ?rm and the economy." Discuss the relevant theory behind this statement. Also, discuss its empirical validity at the macroe..
a monopoly faces demand given by q 200 - p. the marginal cost mc 10 is constant. the marginal revenue mr 200 - 2q.a.
Suppose there are two goods available to the consumer--coffee and tea. Suppose that the price of coffee decreases. What impact will the substitution effect.
How changing the price elasticity of demand from elastic to inelastic affects the consumer's economic burden of a tax and the government's collected tax revenues?
A consumer has a budget of $200 to spend on bowling (b) and tutoring sessions (t). Assume that each game of bowling costs $16 and each tutoring session costs $20. The consumer derives utility from tutoring sessions and bowling according to the utilit..
Is south africas economic system now more allocative efficient
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