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Q1;
What are the disadvantages of engaging in strategic trade policy even in cases in which it can be shown to yield an increase in a country's welfare? Q2;
Suppose the U.S. government were able to determine which industries will grow most rapidly over the next 20 years. Why wouldn't this automatically mean that the nation should have a policy of supporting the growth of these industries? Q3;
If the United States had its way, it would demand that Japan spend more money on basic research in science and less on applied research into industrial applications. Explain why in terms of the analysis of appropriability.
The demand for bottled water in a small town is as follows: Price per bottle Quantity demanded $1.00 500 $1.50 400 $2.00 300 $2.50 200 $3.00 100 1. Is this a straight line d
Perron suggested that output might best be characterized as trend stationary with breaks. How does this help resolve the question of the importance of shocks to aggregate de
U.S. Trucking pays its drivers $40,000 per year, while American Trucking pays its drivers $38,000 per year. For both firms, truck drivers average 240,000 miles per year. For
Each acre can support 10 banana trees. However the 3 acres differ in their ability to support mango trees. She can grow 30 mango trees on the best land, 20 mango trees on th
Evaluate each question, explaining in 2 sentences per question why each of these questions is problematic. In the course of criticizing each question, demonstrate your knowl
The Clap Chemical Company needs a large insulated stainless steel tank to expand its plant. Clap has located such a tank at a recently closed brewery. The brewery has offe
Economics 339 (A01), CRN 20951- What does the "altruism parameter" measure? Let A's initial annual income be $70,000, and B's initial annual income be $30,000. The unit pric
Suppose that the eye doctor offers senior residents a discounted price for an eye exam. The demand function for senior residents is Qs = 50 - Ps, and the demand function for
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