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Suppose Belgium produces only two goods, chocolate and lace. If Belgium has a comparative advantage in lace, a move toward free trade will
a. harm chocolate workers in the short run, benefit lace workers, but benefit the nation as a whole.
b. benefit chocolate workers, harm lace workers in the short run, but benefit the nation as a whole.
c. benefit chocolate workers, harm lace workers in the short run, but harm the nation as a whole.
d. harm chocolate workers in the short run, harm lace workers, but benefit the nation as a whole.
Using the following table, compute the 95% confidence intervals for the expected annual return of the four different investments.
q.remington inc. purchases a machine that costs 700000 and has an approximate d useful life of 10 years a macrs
Find the monopolist's profit-maximizing quantity and price
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Explain market efficiency and identify and distinguish between the different types of market structures; compare and contrast the similarities and differences between their characteristics.
What would be the subsidy required to get Mr. Smith to perform the efficient amount of gardening? Now assume that Mr. Green, another neighbor, doesn't like the garden. He bears a marginal damage, which is given by MD(h)=2
According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.
Explain how many bushels of corn are purchased by consumers and at what price. How many bushels of corn are purchased by the government and at what price.
A country purchases $3 billion of foreign-produced goods as services and sells $2 billion dollars of domestically produced goods and services of foreign countries. it has?
q1. assume that restaurant charges 11 meal for 180 meals as well as that the marginal cost of the 180th meal is 8 in
Demonstrate provide/demand curves also equilibrium for the USA, assuming no imports.
Within two weeks sales had fallen. Utilizing your knowledge of game theory, Illustrate what do you think disrupted McDonald's plans.
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