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Tariffs and quotas can be used to achieve similar ends. In fact, for any given quota, there is an equivalent tariff that will limit imports to exactly the same amount. Still, there are differences between quotas and tariffs. Discuss the differential effects of these two policies in terms of who are the winners and losers for each and how surpluses and revenues are affected.
suppose the savings rates by income quartiles in indonesia are given by the following1st quartile - 5 savings rate2nd
Calculate the implied arc income elasticity of demand. I =? Given a price elasticity coefficient of -2.5, to what level would price have to be lowered to maintain there sales at a level of 28 million square yards. New Price =?
the oil price schok of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result, that coal companiesearned pure economic profits. Since coal is homogenous good and the market is competitive , what ha..
analyze the effects of each of the following on national saving investment and the real interest rate. explain your
the policies of the federal government influence the outcomes of the various activities in that economy. when
what is the basis of the kinked-demand model? explain the reason for the gap in the oligopolists marginal-revenue
Compute the physical units of production. Compute equivalent units of production for materials and for conversion costs. Determine the unit costs of production.
1. a do protectionist policies benefit producers consumers workers or the government? explain.b explain how the buy
as part of a study for the department of labor statistics you are assigned the task of evaluating the improvement in
Find the willingness to pay for the football team and find the indifference curves for both North BEH and South BEH as a function of W and R.
Recently, Pfizer and Warner-Lambert agreed to a ninety billion dollar merger, thus creating one of the world's biggest pharmaceutical firms. Pharmaceutical firms tend to expend a greater percentage (%) of sales on R&D activities than other industries..
imagine that you have a fixed 30-year interest rate for your mortgage and the economy has experienced unanticipated
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