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trade restrictions
1. When economists with different political views do cost/benefit comparisons, they often reach different conclusions. If their analysis is based on objective costs and valid techniques, why wouldn't they reach similar conclusions, even if those conclusions conflicted with their political beliefs? Explain.
2. Why do we say that competitive markets are efficient?
3. What are the six main methods used by governments to restrict trade?
4. List six reasons why countries impose trade restrictions.
5. What are the main reasons why economists typically oppose the use of trade restrictions?
Elucidate what are some measures of total ouput on the horizontal axis of the AS/AD model. Which measure do you think represents the most accurate picture of the output of an economy.
Show how a UK exporter can avoid exchange risk by covering in either the spot market or the forward market. When will the exporter be indifferent between these two forms of cover.
Impliment the formula to earnings rather than operating income also use a required return for equity of 9 percent.
Estimate the linear trend in the data, and use it to forecast gasoline sales in the United States in each quarter of 1990.
Describe the expected amount of dollars to be paid by the Wake Forest Co. for the pesos in one year.
Walmart has any special foreign exchange problems resulting from its strategic stance payment in USD, and what alternative policies the company could adopt in the event of such problems.
Glassware violated which of the subsiquent provision(s) of the Clayton Act and Robinson-Patman Act.
Assuming a linear demand relationship determine the demand equation for cigarettes. Show all your calculations. Determine the nature of the Return to Scale as exhibited by the above production function.
Elucidate good or service does the company sell. Is the price elasticity of demand elastic or inelastic for that good or service.
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent.
Breifly explain the effect of an increase in money supply.
Elucidate the significance and implications of various economic theories pertaining to profit, consumer choice, demand and supply, forecasting and optimization.
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