Would the us gasoline maket be effiecient

Assignment Help International Economics
Reference no: EM13219370

Concerned about the polictical fallout from rising gas prices, suppose that the u.s. government imposes a price ceiling of $3.00 a galon on gasoline. Q:: Explain how the market for gasoline would react to this price ceiling if the oil-producing nations increased production anddrove the equlibriu price of gasoline to $2.50 a gallon. Would the U.S. gasoline maket be effiecient?

Reference no: EM13219370

Questions Cloud

What is the value of q we need to inject : If we want to correct the power factor to 0.9 lagging, what is the value of Q we need to inject.
Find current of phase b in polar form : In a balanced three-phase system the Y-connected impedances are 3∠60°Ω. If V_bc=480∠-75° V, find current of phase "b" in polar form.
Compute the total cost for each plan : Develop an aggregate plan using each of the following guidelines and compute the total cost for each plan. Which plan has the lowest total cost?
What is the average velocity of an electron : If the concentration of free electrons is 10^29 electrons per cubic meter and if they are uniformly dispersed throught the wire, then what is the average velocity of an electron ?
Would the us gasoline maket be effiecient : Concerned about the polictical fallout from rising gas prices, suppose that the u.s. government imposes a price ceiling of $3.00 a galon on gasoline. Q:: Explain how the market for gasoline would react to this price ceiling.
Find the joint probability density function of y1 and y2 : X1 and X2 are two independent Gaussian random variables each with mean zero and unit variance.
What is the magnitude and direction of the current flowing : what is the magnitude and direction of the current flowing through the cross section?
Find the expression of the allowed energy levels : Using the time independent one dimensional Schrodinger equation, find the expression of the allowed energy levels for an electron in infinite potential well of width Δz= L (i.e. solve the differential equation and apply B.C. to obtain En)
Find the density for germanium : Find the density for germanium (Ge) semiconductor atoms give that its lattice constant a-5.66Å (Angstrom) and atomic weight is 72.59 g/mole.

Reviews

Write a Review

International Economics Questions & Answers

  Countries with human rights violations

Some nations do not protect human rights in the similar manner as the US. At times, the U.S. should threaten to restrict United States imports from or investment in a particular nation if it does not correct human rights violations.

  Computing expected total cost of an investment

Suppose that you are able to get a loan from bank for up to $10,000,000 at 7 percent interest yearly. You are to create a portfolio of real estate investments from real estate properties at present listed for sale.

  What are the net exports of oceania and escudia

Oceania buys $40 of wine from Escudia and Escudia buys $100 of wool from Oceania. Supposing this is the only trade that these countries do. What are the net exports of Oceania and Escudia in that order

  Explain three factors that could cause the u.s. supply curve

a) Briefly explain why each of the following would cause the Aggregate Demand curve to shift to the right(an increase), or to the left(a decrease):1) an increase in housing prices 2) a decrease in interest rates 3) expectations that the economy wil..

  Discuss product life cycle concept

Define brand equity and discuss what a firm can do to maintain brand equity. Discuss Product Life Cycle Concept and include the relative amounts of sales and profit during each stage.

  What is the precise dollar amount implied by consultant b

Over the course of the past year, the price of internet services has risen to $4, but the price of books has remained the same. The government has decided provide this student with additional money to compensate for the higher price of internet ser..

  What will be equilibrium gdp on aggregated expenditures

Thoughts on aggregated expenditures. We learned that GDP = C + I + G + Xn. At this point we are focused on a private, closed (no international portion) economy. And how do you find the actual values for the US for this particular question.

  International entry strategy

Examine issues of where, when, and how to be considered through an organisation planning an international entry strategy. How can the potential benefits be made to exceed the risks?

  Initial equilibrium position in curve diagram

Assume that, from an initial equilibrium rank in the offer curve diagram, nation I imposes a tariff on country II's export good at the same time that customers in country II change their tastes toward wanting more of II's export good.

  Which has resulted in higher prices paid for letters

Auctions in recent years have resulted in higher prices paid for letters wriiten by John Wilkes Booth than those written by Abraham Lincoln.which of the following events would cause the price differences in these letters to get smaller

  What causes the value of the u.s. dollar to rise or fall

What are freely floating exchange rates all about, and how do they work How can the falling U.S. dollar impact your travel expenses Why would a cheap dollar relative to other nations' currencies be good or bad for U.S. trade

  Account deficit with japan

The US presently has a current account deficit with Japan. Determinje what would happen to the dollar or yen spot exchange rate and the current account deficit if there were a decrease in Japanese investment in the U.S.?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd