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Domestic producer and government are the ones who gains when implementing tariff. Why government gains when tariff is implemented?
If a firm is producing where its SMC = price and the LMC is less that LAC, then it would do better in the long run by a. increasing output with its existing plant until LMC equals price.
Since all economies are faced with scarcity, how might nations attempt to minimize the human hardship associated with scarcity Try to use concepts seen in this unit such as production possibilities frontier, comparative advantage, circular flow, e..
b)calculate the amount of additional reserve this bank would like to loan out to customers c)if this bank loans out the reserves you calculated in part ( b above, how much will the money supply change as a result)
should government officials attempt to reduce birth rates among families in so-called developing countries or anywhere else for that matter, what implications does your recommendation have on economic development
Topic:The drug "ice" is currently having a substantial economic and social impact in Australia. Outline the main problems caused, and suggest some measures to reduce the influence of this illicit drug in Australia.
Evaluate the macroeconomic implications and microeconomic consequences of a monopolistically competitive firm or an oligopoly firm filing for bankruptcy
Assume total benefits also total costs are given. Elucidate level of Y will yield the maximum net benefits.
Suppose that a model of the economy suggests that the real interest rate is determined by the equation R= 8.5 - % ?Y Where Y is the level of output, so % Y is the growth rate of output. Suppose that people expect the Fed to hit its inflation target.
Develop and present a list of sources (websites) that provide accurate economic data, such as the rate of unemployment or Gross Domestic Product (GDP). Provide links along with brief descriptions of the most important sources identified by your t..
Master Card has a series of cute commercials that list a series of accounting items and costs leading to a priceless product. Cell phones are often advertised as being free. In economics, it is said that nothing of value is either free or priceles..
The own price elasticity of demand for Kodak film was -2.0 and the market elasticity of demand was -1.75. Suppose that in the 1990s, the average retail price of a roll of Kodak film was $6.95 and that Kodak's marginal cost was $3.475 per roll.
Explain how do the fiscal policy changes play a role in the theory of political business cycles
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