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1. Describe the effects of tariffs not shown by partial equilibrium analysis. (Partial equilibrium analysis is shown in a traditional tariff welfare effects graph.)
2. Explain how social, political, and economic institutions interact with one another. You may explain by using an example, if you wish
A company is trying to predict the long-run market share of a new men's deodorant. Based on initial marketing studies, they believe that 35% of new purchasers in the market will ultimately try this brand. Calculate the long-run market share that the ..
Historically, the focus of civil rights policy has been on which of the following groups?
Which of the following is likely to shift the demand curve for a normal good to the right? Which of these is likely to decrease the supply of leather jackets? Which of the following will indicate a shortage of a product in the market to suppliers?
If input prices had increased as firms entered the lithium industry in response to rising demand, what would have been the shape of the long-run supply curve? If the market demand for lithium were to decrease during the 2020s, what would happen to th..
Explain where in the U.S. balance of payments an entry would be recorded for each of the following:
q1. for handling a crisis of epic proportion hurricane flood blizzard forest fire and so forth which economic system is
Assess the importance of policy analysis during the development and implementation stages of public policy. Discuss the social impact of policies. Discuss the limitations policies have on government power.
Based on a Gartner Research study done in 2013, NetSuite had the fastest growth rate out of the top 10 financial management systems vendors. Which of the following top 10 vendors had the slowest growth rate? Microsoft SAP Workday Oracle Sage
A student loan totals $18,000 a graduation. The interest rate is 6%, and there will be 60 payments beginning 1 month after graduation. If this student received $1,500 as a graduation present and uses it to pay off an extra $1500 in the first month, w..
Suppose that Erin spend her incomes on two goods, food (X) and clothing (Y), and that her utility function is given by U(X,Y)=.20X2Y2 (The marginal utility for X is .40XY2 and that for Y is .40X2Y ). The prices of food and clothing are $10 and $20 fo..
An office building and its equipment are insured to $7,100,000. The present annual insurance premium is $0.85 per $100 of coverage. A sprinkler system with an estimated life of 20 years and no salvage value can be installed for $180,000. Find the rat..
Enrodes is a monopoly provider of residential electricity in a region of northern Michigan. Total demand by its 3 million households is given by Q=11 – P so that marginal revenue is MR=11– 2Q. If consumers are successful in their lobbying efforts and..
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