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Protecting The Domestic Market
How can a domestic market be protected? If a country had protected domestic market, what would be the likely effect on its balance of trade? Do you think that domestic market protection is to the disadvantage of most people in the country?
Recently, a troubled bank borrowed $800 million from the Federal Reserve. Describe the impact this event had on the monetary base.
In the 1970s people had become accustomed to high inflation. In 1979, Bank of Canada decided to fight inflation and decreased the money supply growth rates.
All economics textbooks give examples that show diminishing marginal utility as consumption rises-However, it could be argued that a rational buyer should never experience negative marginal utility. Why?
What are the macro and micro problems? What systems are affected structural, psychosocial, technical, managerial, goals?
Provide reasons to explain what the government would have to do to keep the unemployment rate
Suppose Shaqueena is currently earning income of $23,000 (I =23) and can earn that income next year with certainty.
Find the optimal level of inputs L* and K* that minimize the cost of producing Q0. What is the cost of production associated to L* and K*?
Assume that the soft coal industry is a competitive industry and it is in long run equilibrium. Now assume that the firms in the industry form a cartel.
What are some of the positive externalities of education? Why may higher education offer fewer positive externalities than primary or secondary education?
Draw a diagram describing autarky and a pattern of comparative advantage for your example.
In this case there will be a cash outlay of $550,000 at the end of the first yr followed by a cash payment of $650,000 at the end of the second year.
Illustrate the position of US economy over the next couple of years using aggregate demand and supply curves if these expectations are to be realized.
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