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Suppose that EU imports of a food item from country A are regulated by means of a quota. Using appropriate diagrammatic analysis explain the welfare implications to EU from:
(a) an increase in import quota that is decided in an attempt to improve the political relations with country A and
(b) a decrease in import quota that prohibits completely imports from country A because of a health disease in this country
Assume your town decides to levy a tax to raise funds for construction, maintenance also other expenses for local schools. Should the tax be proportional, progressive or regressive.
What is the purpose of economic sanctions? What problems do they pose for the nation initiating the sanctions? When are sanctions most successful in achieving their goals?
The concept of balance of power is fundamental in international relations. What does it mean? How meaningful can it be at the beginning of the 21st century, given the impact of globalization and modern warfare in which one's opponents may not be atta..
What does it mean that marginal product of capital is decreasing? Show the marginal products are diminishing in the cobb-douglas case. Determination of steady state capital per worker consider the steady state capital per worker k*, how is k* affecte..
Describe the effect of each of the following events on the demand or supply of gasoline in the USA. Further indicate the likely direction in the amount of gasoline exchanged AND the expected market price.
What lessons should companies learn from Siemens’ reliance on bribery?
When Alex's income was $3000, he bought 4 bagels and 12 donuts a month. Now hus income is $5000 and he buys 8 bagels and 6 donuts a month. Calculate Alex's income elasticity of demand for a. Bagel b. Donuts
Which of the following is NOT an example of a managerial decision with risk-averse consumers? The expected revenues in auctions with risk-averse bidders with independent private values will be: A consumer spends more time searching for a good when he..
q.the federal government occasionally goes through the process of reauthorizing and modifying the state childrens
A system of deposit insurance:
What type of compensation policy would you expect to observe in an industry with rapidly changing technology? Explain. Suppose you are the owner-operator of a gas station in a small town. Over the past 20 years, you and your rival successfully kept p..
If quantity is 20 also if producers receive the seller's price for to output illustrate what is the amount of Producer Surplus.
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