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Assume that the formation of a customs union turns out to include the lowest-cost world producer of the product in question. Which effect could not occur for the participating countries?
Trade creation-production effect
Scale economies and competition
Trade diversion
Trade creation-consumption effect
If columns (1) and (3) of the demand data shown above are this firm's demand schedule, Illustrate what and how much will be the profit-maximizing level of output for the firm.
Times more productive than a minimum wage worker. How many times more productive was a $160-per-hour lawyer compared to a worker earning minimum wage?
The company ises MACRS depreciation and its marginal tax rate is life of 5 years). The 10 cars were sold at the ending a MARR of 10% and using NPW, determine if this was a good investment on an after-tax basis.
Illustrate what is the marginal income for each 10,000 increase in the quantity sold. Illustrate what recording fee would you advise Johnny to demand from the record organization.
Explain how will the bank respond to the withdrawal. Suppose that the bank responds to insufficient reserves by reducing the amount of deposits it holds until its level of reserves satisfies its required reserve ratio.
We know tastes and preferences play an important role in demand. Do you think of any possible future "popular product".
Describe who bears relatively more of the burden of the tax, producers or consumers and illustrate your answer with a diagram.
Remaining group did not have jobs, except all said they would like one. 5 of this group had not looked actively for work for 3 months.
Label aggregate demand curve as AD and aggregate supply curve as AS. Be sure to label axes appropriately. Identify and describe changes in AS-AD graph above that would result from cost-push inflation.
Explain how much smaller (in percentage terms) is each generation than the previous generation.
What must it be? Can you think of any way of justifying such a value for this parameter? How else might you explain the large difference in income between Richland and Poorland?
Analyze and outline the three most likely reasons for growing food insecurity in the United States. Do you think food insecurity is on the rise in the U.S.; how about in your own community
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