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"There is no point in the United States complaining about trade policies in Japan and Europe. Each country has a right to do whatever is in its own best interest. Instead of complaining about foreign trade policies, the United States should let other countries go their own way, and give up our own prejudices about free trade and follow suit." Discuss both the economics and the political economy of this viewpoint.
why is the effect on equilibrium output finite? and How do I know that the multiplier is 1/MPS?
A cannery is considering installing an automatic case-sealing machine to replace current hand methods. If they purchase the machine for 3800 in June, at the beginning of the canning season, they will save 400 per month for the 4 months each year.
How is the wording of an adverse opinion different from that of an unqualified opinion?
Consider the following graph created be Heston and others. It shows per capita GDP growth rates of various countries (1960-2010) on the vertical axis and 1960 per capita GDP (in dollars) of those countries on the horizontal axis. The 1960 GDP numb..
Frisbees are produced according to the production function q = 2K+L where q =output of frisbees per hour, K =capital input per hour, L =labor input per hour. a) If K = 10, how much L is needed to produce 100 frisbees per hour
To the right is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approa..
"The fundamental problem with any attempt to limit climate change is that the countries whose growth poses the greatest threat to the planet are also the countries that can least afford to pay the price of environmental activism." Explain in terms..
Since Fall of 2011, the price of oil has shown a sharp increase again as continuation steady rise in oil price attributed to the Arab Spring (the political uprising in the Middle Eastern and North African countries) started in the beginning of 201..
Think about the idea of success and failure: How doesAntigone examine what determines failure and success. What about Marx? Can one control one's "fate", if so, to what extent, if not, why?
Suppose a monopolist faces the following demand curve: P=596-6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. What is the monopolist's profit maximizing level of output What price will the profit maximizin..
Potatoes cost Janice $1.10 per pound, and she has $6.00 that she could possibly spend on potatoes or other items. If she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14 the third pound is worth $1.05, and all ..
management at the macho burrito hacienda has completed a study of weekly demand for its
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