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1) Essay about What major arguments can you list to support the doctrine of free trade? Why is the WTO important in maintaining the doctrine of free trade? What values and principles has the GATT/WTO promoted to liberalize international trade?
2) Essay about Why do some people and some countries advocated for a greater liberalization in international trade, meanwhile, some have favored more protectionism? Please apply both society-centered and state-centered approaches to support your argument.
3) Essay about What are the major theoretical rationales behind the ISI (import substitution industrialization) strategy? How do you evaluate its success and/or failure? What developments were responsible for its termination in most Third World countries?
Calculate the constant debt-GDP ratio that the country can achieve if the country runs a primary budget deficit of 3%. Is this debt-GDP ratio stable.
q1. frank gunter owns an apple orchard. he employs 57 apple pickers and pays them 15 per hour to pick apples which he
Derive an expression for average cost. Derive an expression for marginal costs.
Illustrate difference between economies of urbanization and economies of localization. Give examples of each.
Suppose both product and factor markets are competitive, why is the labour demand curve downward sloping? How can patent encourage invention? Why do we say that a monopoly is inefficient?
Assume the supply function for good X can be written as Qs = -100 + 27Px - 5Py - 1.8W, where px=the price of x, Py=the price of good y, and w = wage index for workers in industry x. According to this equation: 1. each one unit increase in price cause..
The monopolist's marginal cost of production is constant at $11 per product unit. What is the size of the deadweight loss caused by the monopolist choosing to supply 10 units of its product?
What is the cross price elasticity with respect to good x? What does the sign of the coefficient tell us? Interpret your results.
There are three types of plant: coal, natural gas, and hydroelectric. The three types of plants face the costs appearing in the table above.
At what output level would the monopolist produce? (C) At what output level would a perfectly competitive firm produce?
If one yr later the marketplace interest rate increases by 5% also they sell the bond, this rate of return on this investment is.
Can you explain the math involved in finding the SPNE of the stage games in repeated games in game theory. I understand the concept; I just don't understand how to solve the math aspect of the questions. I do not have a solid background in math, and ..
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