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1.) Suppose that the production of $1 million worth of steel in Canada requires $100,000 worth of taconite. Canada's normal tarrif rates for importing these goods are 20% for steel and 10% for taconite. Given this information, calculate the effective rate of production for Canada's steel industry.
2.) What is meant by the terms bonded warehouse and foreign trade zone? How does each of these help importers mitigate the effects of domestic import duties?
Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and he is willing to trade 2 fish for every 1 coconut that you are willing to give him. Another neighbor, Kwame, is also a fisherman, a..
Determine equation for aggregate planned expenditure in this economy.
The table given below gives the production and values for a small economy that produces only bread and pop. The base year is 2002.
On October 31, 2010 the USDMXN was 10.00. On the same date in 2011, the MXNUSD exchange rate was $0.07692
Assume that a company maximizes its total profits and has a marginal cost. Find the price at which the firm sells the product.
the issue of separating out the effects of price on the quantity demanded when supply cannot be not held constant. the issue of having insufficient variation in prices.
1. Discuss your top three resources which are "must haves" for a student in your chosen profession (do not forget to provide the proper references for your classmates' benefit). 2. Why are they important to you as both a student and a professional?
Suppose Ke, the required rate of return, goes up to 12 percent; what will be the new value of Po?
The opening statement on the Web site of the Organization of Petroleum Exporting Countries says, "OPEC's eleven members are all developing countries whose economies are heavily reliant on oil export revenues. THey therefore seek stable oil prices ..
A test classifies applicants as accepted or rejected. On the basis of data on 200 applicants, we test the hypothesis that ad placement success is not related to gender.What hypothesis testing would you use in this situation
Is demand for movie tickets elastic or inelastic? What is the change in the total revenue from the sale of movie tickets.
How new/cutting edge is idea or company?why is it important in general?why is it important to marketers?growth potential?
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