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A tariff is simply a tax on imports. Use our model of excise tax (with diagram) to explain why domestic firms request that tariffs be imposed. Who gains and woo loses due to tariff? (consider both the domestic and the foreign country in your answer)
Answer the following questions as these general questions pertain to the specific issue selected.The questions that you will cover with respect to your choice of broad social issue in the paper are given.
Finding the short run and long run profit maximizing price - quantity and number of firms in industry.
Agree or disagree and describe: In monopolistically competitive market, firms that innovate successfully can increase their economic profits and lock in higher market shares over long run.
Assume that a price support system for cotton requires the federal government to pay farmers $3,000 for each acre to not plant cotton. How would you shift either the supply or demand curve for cotton to describe the effect of this action? In your a..
Describe the law of diminishing returns. Then discuss why you agree or disagree with following statements.
Find the optimal (profit maximizing or cost minimizing) output of each firm. Find the price that each firm charges at the when producing the optimal output.
What is the profit-maximizing price-output combination and what are the levels of the profits and consumer surplus at that point? What is Dead-weight-loss?
Describe unemployment and the unemployment rate. Might we be able to say "Job Stats: Too Good to be True?"
The socio-economic shortcomings that China experienced
This document shows evaluation of alternative approaches to analysing the effectiveness of public policy and Assess the impact of government policies on selected areas.
Draw a correctly labeled loanable funds graph that shows what happens to real interest rates.
Do the estimated coefficients have the required signs to yield a-shaped AVC curve? Discuss the significance using the p-values.
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