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1. Explain four problems with the argument that trade protection is needed to protect American jobs.
2. Describe the economic reasons why businesses use off shoring.
q. assume always there wireless serves 100 high-high demand as well as wireless consumers each of whose monthly demand
A change in any of the following factors except shifts the aggregate demand curve.
Consider your decision about how many hours to work. a. Draw your budget constraint assuming that you pay no taxes (and receive no subsidies) on your income. On the same diagram, draw another budget constraint assuming that you receive a 20 percent s..
A firm†TM s demand function is defined as Q = 30 - 2P. a) Use this demand function to calculate total revenue when price is equal to 10 and when price is equal to 11. b) What is marginal revenue equal to between P=10 and P=11?
q.assume which the economy is in a long-run equilibrium.a- draw a diagram to illustrate the state of the economy .be
Explain using the money market graph, what happens when (1) the price level (CPI) goes up, (2) when the discount rate is lowered and (3) when the Fed sells more bonds on the market. What will happen to the equilibrium interest rate in each case.
The three families are considering putting in streetlights on Main Street and are trying to describe how many lights to install. The table below shows each family's willingness to pay for each streetlight.
Explanation and Analysis Identify changes in market conditions and their effect on equilibrium price and quantity for the following events
q. market structure problem the widget industrythe widget industry is perfectly competitive. the lowest point on the
"Exotic" mortgages became popular in part because they allow someone of:
What is the equilibrium price and quantity of apartment rentals in Lafayette? Suppose the government imposes a price ceiling of $150. What is the impact on the equilibrium outcome? Does this price ceiling necessarily increase consumer surplus? Explai..
Now suppose as a result of a mandated increase in the minimum wage the wage increases to $80. What would be the implication of this change for this firm?
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