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1. Was Jay Cohen's conviction justified?
2. Do you concur with the dispute settlement decisions in the World Trade Organization in this case? The panel report? The appellate decision? The arbitration ruling?
3. Should Antigua and Barbuda have the right to retaliate against the United States by exporting copyrighted entertainment material? Is that a bad precedent?
4. Should the United States have abrogated its com-mitment to gambling services under the General Agreement on Trade in Services (GATS)? Did it have better alternatives?
5. How can the dispute between the United States and Antigua and Barbuda be resolved now?
6. Do you support the proposed Internet Gambling Regulation, Consumer Protection, and Enforce-ment Act? Why or why not?
7. Are current state and federal laws on gambling optimal? Should the nation move in the direction of stricter prohibition? Or should it move to more permissive laws, including those to legalize online gambling?
Monopolies are inefficient because A. a monopoly firm must compete, and competition is expensive B. a monopoly firm will always produce where price is equal to average total cost C. inefficiency is a barrier to entry D. a monopoly firm has no ince..
If nominal wages and productivity increase by the same amount throughout the macroeconomy, would you expect aggregate supply to increase, decrease, or stay the same What if productivity increases more than nominal wages
Suppose all the competitve firms collude to form one single monopoly firm. (Collusion changes neither the demand nor the cost conditions in the industry.) Discuss the economic effects of the change in market structure.
If a recessionary gap were to appear, how might the economy adjust? Can/should we rely on it to adjust itself? Is it possible that the economy will never adjust to a gap, and things will just get worse and worse?
Chris is renting a house, and it does not have a refrigerator. A refrigerator is worth $2 every day because Chris will eat out less. Chris has a discount rate of 20 percent. Refrigerators usually last five years. How much is Chris willing to spend on..
you are tasked with evaluating a project for reducing nutrient nitrogen and phosphorus loading into the gulf of mexico
Economists have observed that as an economy grows the unemployment rate tends to fall. Which statement is most probable to be correct?
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the inco..
Because credit card companies and banks must charge the same interest rate on credit cards to all borrowers, there is an adverse selection problem with credit cards.
When trying to assess differences in her customers, Claire - the owner of Claire's Rose Boutique - noticed a difference in the typical demand of her female versus her male customers
Job A pays $30,000 a year. Job B is completely identical in all aspects except it is located in an area that has a 10% higher cost of living. In order to compete, Job B would need to pay _____________. This is known as a ________________. Explain t..
If you borrow $15,0000 at a fixed nominal interest rate of 7 percent per year. If annual inflation turns out to be 10 percent, what is the real rate of interest?
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