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What is the equilibrium quantity of a market with a demand curve P = 10 - Q and a supply curve equalto P = 2 + 2Q? Now suppose a tax imposed on the seller of $2 per unit? Show or illustrate how this taxeffects resource allocation? Speculate regarding what might justify the allocation effect of the tax?
Explain how China was able to maintain an essentially fixed exchange rate between its currency, the yuan, and the dollar from 1995 through 2005. Why would China have wanted to maintain this fixed exchange rate?
Identify the most important factor shifting the AS curve in the long term. Briefly explain both how and why this factor shifts the aggregate supply curve. Identify and briefly explain the neoclassical argument and the key building blocks of neoclassi..
What is a likely reason for having trouble identifying a conclusion in what you hear or read? Which of the five items below is usually NOT a part of a good argumentative essay?
q. suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if they are each
How does a government budget surplus affect the U.S. economy? Identify two periods in recent history in which the United States has run budget surpluses.
The owner of Torpid Oaks B&B wanted to know the average distance its guests had traveled. A random sample of 16 guests showed a mean distance of 85 miles with a standard deviation of 32 miles. The 90 percent confidence interval (in miles) for the mea..
Read the paper by Levitt and Syverson (2007). "Market Distortions when Agents are Better Informed: The Value of Information in Real Estate Transactions," Working Paper, University of Chicago Booth, available in the Learning Materials folder (scroll d..
The sub- prime loan disaster and the ensuring collapse of the US housing market have resulted in fewer mortgage loans and in significantly reduced residential construction. prices of lumber and wood building products to plummeted. explain how the res..
q.this problem uses the heckscher-ohlin model to predict the direction of trade. consider the construction of handmade
Constant returns to scale are associated with a:
Generate options for solving the problem in the scenario. Evaluate the options for solving the problem. Decide on the best option for solving the problem. Explain how you will implement the decision made and reflect on whether this option was the mos..
Why can a monopoly make a positive economic profit even in the long-run? Why does a single-price monopoly produce a smaller output and charge more than the price that would prevail if the market were perfectly competitive? How does a monopoly transfe..
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