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Question: The United State is currently running an $800 Billion trade deficit. Is this bad for the economy? Suggestion: use the GDP computation, GDP= C + G+ Ig + Xn. Remember Xn is net exports [it's negative when there is a deficit like we have now].
Assume the supply for good x is estimated. Is good x storable. Explain it numerically the data you are using to suppor answer.
Consider demand and supply curves for many markets - the market for mineral resources, the market for wheat, the market for sugar, and market for motor homes.
So many states provide firms with an investment tax credit that effectively reduces the price of capital.
Who benefits from a tariff or quota. Illustrate what are the positives and negatives of protectionist trade policies on the federal government's part. Which policy is best right now.
Let the market demand for rye bread be given by Q = 500 + I - 250P rye + 400P wheat , where Q is monthly demand in number of loaves, I is average monthly income in dollars
Explain how might a high school student's experience with inflation differ from an employed urban adult.
A farm operator has asked you to help him/her determine the quantity of water that should be applied to a crop under irrigation.
Illustrate what policy options are available to the government to counter the effect of a sharp fall in real estate values on the economy.
The entire satisfaction consumer gets from consuming a good or service is________ utility, but the extra or additional satisfaction that a consumer gets from a good or service is ________ utility.
Elucidate the increasing returns to scale as a basis for international trade. Be sure that you define the relevant concepts, describe important features of such trade, and contrast these features with those of trade due to other causes.
Then list one good reason to allow tire imports and one good reason to restrict tire imports. Give a short explanation for each reason.
You are considering to save some money. Out of your yearly income you will deposit a fixed amount per semester at a nominal rate of 8 percent per year compounded each 6 months during 5 years.
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