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The potentially valid argurments for tariffs protection -military self sufficiency , infant industry protection and dumping are also the most easily abused .Why are these arguments susceptible to abuse?
A bottling company uses two inputs to produced bottles of the soft drink Sludge: bottling machines (K) and and workers (L). The isoquants have the usual smooth shape. The machines cost $1000 per day to run (r), and the workers earn $200 per day (w).
Is conspicuous consumption for real or just a rational response to higher income? How does this effect the consumption curve and aggregate expenditures model? What is the relationship with GDP?
Which of the following statements is typical of predisaster conditions among many tribal governments?
Select a Government Regulation. Identify a particular government regulation of your choosing that in your opinion has either been successful or a failure. Briefly state the original purpose of this regulation and whether it has changed over time. The..
Suppose the firms in a monopolistically competitive market are earning positive economic profits. What will happen to move the market to its long-run equilibrium?
Does neoclassical economics focus more on long term economic growth or on recessions? Explain your answer. Does neoclassical economics view prices and wages as sticky or flexible? Why? Does neoclassical economists tend to focus more on cyclical unemp..
Future Economic Impact: At present there are a few notable industry leaders that have strong opinions on AI, its future, and its impact on humanity. Explain these opinions and critically critique them.
A prediction interval provides an interval estimate for:
According to Jared Diamond, what are the “roots of inequality” in the division of the world into ‘haves’ and ‘have-nots? What role has “the roots of inequality” played in the division of the world into ‘haves’ and ‘have-nots’ within today’s globaliza..
An outright purchase of $20,000 now (a lump sum payment) can be traded for 24 equal payments of $941.47 per month, starting one month from now. What is the monthly interest rate that establishes equivalence between these two payment plans?
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
What is the purpose of a margin call?
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