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Demand-Supply Analysis and the American Revolution a. Before the American Revolution, the British government required that all imports to the colonies from outside the British Empire were first shipped to England (part of the Navigation Acts). A Boston business selling French wine, for example, would need to have it shipped from France to England, and then to Boston. Draw a demand-supply diagram for wine imported to the colonies. Illustrate the effect of the import requirement. Show the loss in consumer surplus, and the dead weight loss. Provide an explanation. b. Although a broad generalization, today, Americas are mainly coffee drinkers and the English are mainly tea drinkers. This was not always so. Prior to the American Revolution, more colonists drank tea than coffee. Suppose that after the Revolution, the U.S. government imposed a tax on imported tea. On two demand-supply diagrams, one for tea and the other for coffee in the United States, illustrate the effect of the tea tax on the price and quantity of both tea and coffee. Provide an explanation with your diagrams.
Some Keynesian economists criticize official unemployment statistics for understating extent of joblessness in United States. Which of following statements represent short comings of official unemployment rate reported by Bureau of Labour Statisti..
The developing country uses the $100 bank balance to import $100 worth of food from the United States (US).
Find internal rate of return to nearest whole percentage point. Oak Furnishings is considering a project that has an up-front cost.
In the US economy we have two sectors, private and public sectors. In recession time, how can public sector help the private sector? Provide an example in the recent years. In non recession time, how can private sector help the public sector?
Compare the consumption levels of workers in both countries. Explains the diversity between the countries.
The firm must pay a fi xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate what is the smallest integer price that would make a firm willing to produce a positive amount.
Use indifference curves to distinguish between income and substitution effects, using the above techniques explain why the demand curve slope downwards, What are the main criteria for designing a tax system, To what extent do you think the national..
Elucidate how banks and individuals can use "covered interest arbitrage" to protect themselves when they make international financial investments.
A monopolist face a market demand curve given by QD = 22 - p. What is the value of the marginal revenue of the 4th unit produced?
Anti-poverty programs
Twenty-seven amendments have been added to the U.S. Constitution. Obviously, all are important, in their own way. However, you will select three amendments, and in a minimum of three paragraphs, you will discuss why you believe each of these amendmen..
q. specify whether you agree or disagree with the subsequent statements. in brief explain your answer.a. increasing
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