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Answer the following questions as briefly and precisely as possible.
a) Why do most countries use trade protection tools?
b) Is there any theoretical justification to use trade protection tools?
c) Explain why rich countries subsidize agricultural sector in their economies.
d) Explain why rich countries subsidize high-tech firms in their economies.
e) Which countries (and groups within a country) most likely oppse international labor standards? Explain why.
f) Explain why some countries use country export restrains (VER) instead of imports quota?
g) List and explain at least there reason as to why countries decide to form regional trade agreements.
h) Why we need to make distinction between large and small countries in making trade policy analysis?
Suppose the T-account for ABC bank is as follows: assets: reserves($150000), loans(250,000)and deposits $400,000.if the fed requires banks to hold a 10 percent of deposits as reserves explain how much in excess reserves does ABC holds.
q1. cross-price elasticity. b.b. lean is a catalog retailer of a wide variety of sporting goods and recreational
Someone proposes to buy the farm from you for $1 million. Would you make more by selling the farm or keeping it
Both banks that each of their entire $20 million loan package will be written off as bad loans. Will any of the two banks survive this crisis? Explain carefully.
Congresswoman Gaga represents a state in which several firms fabricate furniture. She needs to impose tariffs on all imported furniture.
In your opinion, discuss when it makes sense to forego purchasing car insurance (assuming the state did not require it). In your answer, use moral hazard and risk aversion to describe your decision.
q. consider the following two statements1 if the government raises marginal income tax rates on society and then
Compute the arc price elasticity of demand for the price of paperback books falling from $7.00 to $6.50, the quantity demanded rises from 100 to 150.
Compute equilibrium price also quantity. Illustrate what would have occured if price had remained the same
Consider a world in which there is no currency also depository institutions matter only transactions deposits also desire to hold no excess reserves.
Some retailers must contend with excessive customer returns of purchased items. For example, a person may purchase an expensive item at a clothing store; wear it to a fancy event, then return the item. To what extent is the problem of excessive custo..
Illustrate what role does Macroeconomics play in your personal financial decisions and that of your place of work or firm you are familiar with.
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