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1. If you are an advisor to the president and you are asked to develop some very good arguments for trade barriers, meaning some arguments for preventing the free flow of goods and services to America. In an essay not less than 300 words, explain what you would say.2. Explain why domestic producers who supply a good that competes with imports would prefer an import-substitution approach to trade rather than an export promotion approach. Which policy would domestic consumers prefer and why?3. How is the federal budget deficit affecting the U.S. economy? Essay should be about 400 words.4. How dependent is American, on the Chinese economy? (at least 400 words)5. Does unemployment benefit makes Americans lazy?
Elucidate this linkage in words also after that illustrate with a Cumulative Demand - Cumulative Supply diagram.
If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions, what is the largest total surplus that can be achieved.
Why might bad cars drive good cars out of the used-car market. Give at least two possible solutions to resolve this paradox.
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
Kaufmann's offers only an hourly wage. Do you expect Kaufmann's hourly wage to be higher or lower than Farleigh's.
A seafood restaurant in a beach resort town has a fixed (unavoidable) cost of $1,000 per month and variable (avoidable) costs of another $1,000 per month.
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Recent survey of high school students, it was found that the average amount of money spent on entertainment each week. Values are representative of all high school students.
Suppose that the government of Tonga decided to impose or place a price floor on all imported chicken products. Elucidate what is the advantage and disadvantage of this policy.
How does the standard product of labor change when the industry utilizes 81 units of labor.
What do you think he would suggest as an economic plan for our economy. Would they agree or disagree with the current policies.
Explain how will you consider the structure of the fresh salmon industry to calculate the forecast. Will you advise the firm to enter the industry.
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