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What are the economic justifications that economists have enumerated for quotas, restrictions and taxes on international trade? What are some of the economic implications of a society imposing a tax on imported goods? Does it matter if the goods are consumer goods or inputs to the production process needed by domestic manufacturers? Is a tax better than a quota?
q1. analyze the following statement and illustrate how would happen in the long run if such advice were followed by the
Probability calculation Involving Random Events These calculations involve the use of the empirical rule since all elements available for selection have the same chance of being chosen. Quantify the events, the Event to be calculated and he sample sp..
Compute US GDP using the income, expenditure and product approaches. Clearly show and explain all steps used for each approach. In particular, for each item that you add up, specify under which specific category it falls.
There has been extensive discussion of the "wealth effect." The argument goes that inflated stock values were partially responsible for the strong U.S. economy of the 1990's. Explain this linkage in words and then illustrate with an Aggregate Demand/..
no government transfer payments, taxes of $210 million merits, a budget surplus of $60 billion merits, and investment of $100 billion merits. Illustrate what were its consumption and government expenditures on goods and services
What laws or regulations may affect your new career? Will these affect your ability to work in certain areas, etc.? What opportunities & threats could potential changes in the government represent?
Should the United States pass a minimum wage that assures all workers earn a wage above the poverty level? Defend your position using economic principles. I need a YES answer using economic principles to defend your answer?
Explain the calculation and interpretation of the cost of capital. In your response, consider how this cost impacts a health care managers decision on expansion of services, etc.
Demonstrate by example about production which exhibits constant returns to scale.
Consider two neighboring island countries called Bellissima and Euphoria. They each have 4 million labor hours available per week that they can use to produce corn, jeans, or a combination of both. The following table shows the amount of corn or jean..
Other things the same, if technology increases, then in the long run
Describe the income and substitution effects of an increase in the interest rate for a borrower. What does this imply for the effect of eliminating tax deductibility of interest payments? What might be meant by a “truth in taxation” law?
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