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Problem
1. Explain why a country's use of preferential duties is inconsistent with MFN treatment of trading partners by that country.
2. Why do you suppose that there has been such a proliferation of different instruments of protection?
3. Suppose, in a small country, that under free trade a final good F has a price of $1,000, that the prices of the only two inputs to good F, goods A and B, are PA 5 $300 and PB 5 $500, and that 1 unit each of A and B is used in producing 1 unit of good F. Suppose also that an ad valorem tariff of 20 percent is placed on good F, while imported goods A and B face ad valorem tariffs of 20 percent and 30 percent, respectively. Calculate the ERP for the domestic industry producing good F, and interpret the meaning of this calculated ERP.
Suppose the quantity demanded of ski boats falls from 4.0 million to 3.0 million. What's the percentage change in quantity demanded using the midpoint formula?
If the price of labor increases from $40 per unit to $60 per unit, what happens to the total cost of producing 500 units of output in the short run (up or down, and by how much) What happens to the short run marginal cost
Describe macroeconomic issues such as the Business Cycle. The article must be recent, in other words, dated within the beginning of the semester. I must be able to open the file to grade the assignment or the grade will be zero.
Analyse the economic situation in Greece since the financial crisis, the effects the austerity measures have had and may have on the economy, and provide a recommendation to future policy makers.
Utilizing the supply and demand model, explain what would happen to the supply curve during a drought. Also explain the affect on the price of water.
If a firm faces different prices for a similar good in tow markets, how will the firm decide what price to charge if the firm cannot price discriminate?
Calculate nominal GDP for 2012, 2013, and 2014. Show the formula and the details of your calculation. Calculate the net domestic product
Suppose you earn $1 million over your working life and the real interest rate for retirement saving is 50%. How much will you save and how much will you consume in each part of your life?
What is the yield-to-maturity of a corporate bond with a 3-year maturity, 5 percent coupon (semiannual payments), and $1,000 face value if the bond sold for $978.30?
Consider the following PPF for a beverage factory. Which of the points of production is efficient - What is the opportunity cost of producing 1 dozen cream puffs for Sol?
suppose that inflation is 2 percent the federal funds rate is 4 percent and real gdp is 3.00 percent below potential
Assuming that you get a summer intern job and a recession began while you are there. Write a memo to your boss, who is a member of Congress.
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