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Use your knowledge about trade policy to evaluate each of the following statements:
a. "An excellent way to reduce unemployment is to enact tariffs on imported goods."
b. "Tariffs have a more negative effect on welfare in large countries than in small countries."
c. "Automobile manufacturing jobs are heading to Mexico because wages are so much lower there than they are in the United States. As a result, we should imple- ment tariffs on automobiles equal to the difference between U.S. and Mexican wage rates."
The company pays a $2 annual cash dividend. After a year has passed the seller cover a short position of $42. Then what is the percentage return on the position?
Calculate the chi-square statistic and degrees of freedom for the following set of data for 180 people undergoing a knee replacement treatment with a drug supplement
What happens to the indifference curves when a household's income is reduced and how does a budget constraint explain consumer choices when used in conjunction with indifference curves?
A firm manufactures and sells high quality business priters and ink toners. Each printer sells for $650 and each toner for $100. The average user keeps the priter for 5 years and consumes 4 toners every year. in response to a recent significant drop ..
Which of the following is an exogenous variable in the model of a small open economy, but an endogenous variable in the model of a large open economy
An explanation about Marshallian money graph. Consider the case of two goods: Marshallian money y and good x. Let y be the numeraire good, so the price of y is py = 1. Let Px denote the price of good x. The initial endowment of money is M. And..
What is the elasticity of demand with respect to income? Comment on and interpret your answer (i.e., the sign and magnitude of the elasticity).
Calculate the Economic Life in STB/month for an oil lease with WI = 100%, NRI = 87.5%, lease operating expense = $5,000 per month, price of oil = $15/STB, price of associated gas = $2.25/Mscf, GOR = 500 scf/STB, oil and gas severance taxes = 7.085%. ..
Discuss the different circumstances
Analyzing Macroeconomic Events (Monetary Policy) with the IS Curve. Consider the following changes in the Macro economy. Show how to think about them using the IS curve graph and explain how and why GDP is affected in the short run.
Select a United States company with global operations. Discuss the company's activities outside the United States and Discuss the impact of globalization
1. Adam Smith favors a policy of laissez faire in managing economic activities. Why? Economics deals with the efficient use of resources? Why? Marginal analysis tends to produce more optimal outcomes when working with scarce resources. How? It is pos..
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