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Ross Perot, a former presidential candidate of the Reform Party, which was a third political party in the United States, had strongly objected to the creation of the North American Free Trade Agreement (NAFTA), which nonetheless was inaugurated in 1994. Perot feared the loss of American jobs to México, where it is much cheaper to hire workers. What are the merits and demerits of Perot’s position on NAFTA? Considering the recent economic developers in North America, how would you assess Perot’s position on NAFTA?
Duopolists A and B face the following demand curves: QA = 100 - 2PA + 5PB and QB = 120 - 3PB + 4PA. If both firms have zero marginal cost, what are the profit-maximizing prices and quantities?
What was the issue in Edgewood v. Kirby? What was the judge’s decision? Why were 1 million out of the state’s 3 million school children receiving inadequate instruction? What does democracy require regarding education in Texas?
1. you are a manager for a regional health system. using an estimate of the price elasticity of demand of -0.25 how
If a physician has ownership in a surgery center why shouldn't he be able to do surgery? Why is this against the law?
FRED reports that the University Michigan Consumer Sentiment Index was 82.5 in June 2014 and 96.1 in June 2015, the most recent month reported. Explain how this change affects the bond market, the money market, the international exchange market for t..
Explain how it is possible for one of two people in a two-good economy to have an absolute advantage in producing both goods, but trade can still benefit both people.
The World of Videos operates a retail store that rents movie videos. For each of the last 10 years, World of Videos has consistently earned profits exceeding $29,000 per year. The store is located on prime real estate in a college town. What is the o..
suppose a worker is offered a wage of 5 per hour plus a fixed payment of 40. what is the equation for the worker
In a current newspaper article you also read that The Camera Shop has exhausted its undertaking capital and that no new investors
The terms price maker, price setter, and price searcher are all meant to imply the same thing, In monopoly,
Why might we not expect free trade to affect the general unemployment level in the economy, but it will affect some more than others?
Assume that Country A has a population of 500,000 and only produces 1 good: cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfil all the demand. What is the composition ..
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