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Write an essay evaluating the role of governments in assuring that developing countries obtain a fair and adequate share of the benefits of international trade. In so doing, critically assess claims that "the answer" lies in untrammeled market activity versus government intervention.
Drawing on Carbaugh's discussions concerning industrial policies, strategic trade policy, the trade problems of developing nations, import substitution, and export-led growth.
Choose a social difficulty where free markets are not allowed to function and describe how free market features could be introduced to help alleviate the difficulty.
Suppose that the position of a nation's aggregate demand curve has not been changed, but long-run equilibrium price level has declined.
Use the following information from a company's pro forma financial statements to calculate the following profitability ratios for the firm, assuming that all stocks are common stocks:
In 1996 Congress increased minimum wage from $4.25 to $5.15 every hour. Some people advise that a government subsidy could help employers finance higher wage.
Use the firm's isoquant-isocost diagram and the firm's marginal cost curve to explain and illustrate the output and substitution effects of a decrease in the price of labor.
Consider a firm selling two different products at two different plants. The cost function for both plants is given by C (q 1 , q 2 ) = q 1 2 + αq 1 q 2 + q 2 2 .
Assume an airline flying on the Charlotile - Chicago route has estimated the demand curves for three different types of customers: business
Given the industry's concern that workers shirk, they start employee at $10 and increase the pay by $0.40 each year they are on the job.
Suppose that, other things remaining unchanged, the price of X falls to $1. What quantities of X and Y will you now purchase.
At some universities and colleges, economics professors earn hugh salaries than professors in some other fields.
With the help of an AD-AS diagram, explain the effect on the price level and real GDP. Use an upward sloping AS curve and be clear about the interconnections among markets.
Illustrate what are possible causes of a movement up or down along the demand curve. What are possible causes of a movement up or down along the supply curve.
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