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Assume the following: the world price of shoes is $100 per pair. The value of imported leather is 70% of the value of the shoes (or $70). The tariff on shoes is 20% while the tariff on leather is 15%. Calculate the Values Added and use them to derive the Effective Rate of Protection or ERP.
Consider a worker who is paid a ?at rate w to perform a task. The worker gets to choose the amount of e?ort she exerts; the harder she works the more output she produces. In particular, her ?rm earns v for each unit of e?ort e the worker exerts. What..
Which of the following statements is true about extensive-form games?
During the past decade, India has invested about 22% of its GDP while China's investment rate has been double than that of India's, India's annual growth rate has been about 6 while that of China has been about 9%. Based on the Harrod-Domar Growth mo..
Why are vocational and career development personnel recognizing the need to prepare students with higher order decision-making and problem-solving skills that will facilitate negotiation and conflict resolution in the workplace?
Choose a specific product that you use on a daily basis (such as food items, toiletries, or your car). Who are you (demographics, psychographics, etc.)? What do you do with the product (consumption, storage, disposal, etc.)? Where do you purchase the..
Assume the hospital is a monopolist with a demand function given by p = 404−2x, where p is the price of hospital care and x is the quantity of hospital care. Assume that the hospital’s cost function is given by C = 300+4x+8x 2 , where C is total cost..
Suppose that the market for engagement rings is in equilibrium. Then political unrest in South Africa shuts down the diamond mines there. South Africa is the world's primary supplier of diamonds. What will happen.
Considering the circular flow model (for a four sector economy), if leakages exceed injections at some income level, we can know that the level of aggregate demand also must exceed the level of aggregate supply we can know that the system cannot be i..
How economists are both scientists and policymakers and what principles society uses to allocate its scarce resources and Using the circular flow model, explain the flow of money and goods in an economy
trace the evolution of work on the laissez-faire doctrine through two arcs. first those theorists who are trying to
A unit circle representing the dimension of ”mouth feel” in breakfast cereals has 200 con- sumers spread uniformly along it. What is the equation for the demand curve facing cereal makers? What is the symmetric equilibrium under free entry if the cer..
Which type of research design is appropriate
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