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What are the benefits and challenges when implementing Industrial policy? How does comparative advantage relate the implementation of industrial policy?
Find importance of activities in terms of total product cost - Compare costs across activities & against competitors
Alfred, Beth, and Charles orally agreed to start ABC Computers (“ABC”), a business to manufacture and sell computers. Alfred contributed $100,000 to ABC, stating to Beth and Charles that he wanted to limit his liability to that amount. How should ABC..
Do you think that the tit-for-tat strategy will be successful in maintaining cooperation in cases where the repeated prisoners dilemma is being played with a finite time horizon (i.e. players know when the game will end)? Explain. Imagine that you ar..
If, in addition, currency deposit ratio(c) is 0.05 and excess reserve ratio (e) is 0.15, what is money multiplier. Explain why money multiplier differs from simple deposit multiplier.
Why might learning by doing decrease the long-run average cost of production?
Which of the following statements is least true regarding the accumulation of power?
2 companies are competing for output. The leader firm knows the market demand to be P=1200-Q. The demand for the other company is Q2=400-0.5Q1. Both companies are have marginal cost $200. How much output will the leader company produce?
A study is performed in a large southern town to determine whether the average weekly grocery bill per four-person family in the town is significantly different from the national average. Identify the null and alternative hypotheses for this situatio..
Why does hedging usually take place with a forward contract.
School tries to discourage Twinkie consumption by raising the price to $.40, by how much will Matt's mother have to increase his lunch allowance to provide him.
Explain why PC is likely to be related to parent's income. Would parent's income be a good Instrumental Variable for PC?
A candidate in the group is proposing a national sales tax to replace our personal income tax. Analyze this tax proposal to help your candidate understand its merits and demerits, so that she knows how to attack him.
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