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if the US engage in foreign trade, should we limit foreign trade to nations that engage in fair trade by giving us access to their domestic markets and reciprocal import tariff reductions that mirror our tariff reductions on our imports from them?
The agricultural market for corn usually can be characterized as a purely competitive industry. How might the following events affect the shot-run cost curves and output for a firm in the industry?
Elucidate the organization/industry reduce production or shutdown their operations? Explain your reasoning.
Suppose that this price cut was completely responsible for its raise in revenues from 460 million yen in 1966 to 640 million yen in 1967. Compute the indicated arc elasticity of demand.
Describe how a change in investment can have big impact on GDP causing a nationwide slump. Recall that investment is "small" relative to the entire economy.
Discuss on social diversity and business ethics and how has a more diversified labor force affected the corporate structure and economy?
Describe prison labour and elucidate how it affects different cultures also societies and explain the rise and fall of labour in prisons.
The concept of present value gives equivalent in dollars available immediately to a payment that is made at some point in future.
Discuss and explain the current tax treatment of capital gains under personal income tax. Describe why do some economists argue that reduction in rate of taxation and capital gains can actually raise tax revenue collected from such gains?
Compute the expected utility of each project and identify the preferred project according to this criterion.
The inverse market demand curve is P=140-Q, and inverse supply curve is P=20+Q. Now Assume a commodity subsidy of $20 is given for each unit of production.
Write each production function given below in terms of output per person y a Y/L and capital per person k K /L. Plot these per person versions in a graph with y on the vertical axis and k on the horizontal axis.
Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005. Year REAL GDP (2000 prices) population 1987 $6,435,000 million..
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