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Question: 1. How can a country gain from trade if it is unable to change its production pattern?
2. During the debate prior to the passage of the North American Free Trade Agreement (NAFTA), opponents argued that given the relative size of the two economies, the income ains resulting from the agreement would likely be smaller for the United States than for Mexico. Comment on this position in view of what you have learned about the distribution of the benefits of trade in the Classical model.
at the beginning of the year an audio engineer quit his job and gave up a salary of 175000 per year in order to start
A cruise line offers a one week tour of Alaska for $2,400 per person. If more than 200 passengers join the tour, the price is reduced by $3 per additional pas- senger. The tour can accommodate 1000 passengers. What number of passengers maximizes t..
Graph Sasha's budget constraint for income and leisure. Suppose wages increase to $10/hour. Graph Sasha's new budget constraint.
What are some of the substitutes for bananas and what would happen to demand, supply, price, and quantity in the markets for these items if TR4 spread.
Is it necessarily inefficient for airlines to charge different prices to different customers? Why or why not?
Tax payers - Future Social Security and Medicare users
In what way is fiscal easing in Japan relevant here? In what way is monetary easing in Germany relevant here?
suppose your firm produces electricity by burning coal. currently it buys central appalachia 12500 btu per ton coal at
Which of the following events may increase labor supply? Check all that apply.
Suppose P (domestic price) and P* (foreign price) are both increasing. Now suppose that the dollar experiences a 5% nominal depreciation. a. Which country is experiencing the higher rate of inflation if the domestic currency experiences
Imagine you are working in the DVD rental industry and there is a permanent decline in demand DVD rentals. Do you think the price of renting DVDs rise, fall or stay about the same in the long run, ceteris paribus (assume a perfectly competitive marke..
the 1-year bond matures in april 2015 and the 2-year and 3-year in april 2016 and 2017. assume the pure expectation
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