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Question: Economists sometimes say that protectionism is the "second-best" choice for dealing with any particular problem. What they mean is that there is often a policy choice that is more direct or effective for dealing with the problem-a choice that would still allow the benefits of trade to occur. Explain why protectionism is a "second-best" choice for:
a. helping workers as a group
b. helping industries stay strong
c. protecting the environment
d. advancing national defense
Why was the government bailout controversial? Does the fact the federal government earned a profit on its investment in AIG mean that economists and policymakers who opposed the bailout were necessarily wrong? Briefly explain.
The Community of Paci?c States (CPS) operates a Taylor rule of interest rates = 5% + A X (output gap) + B X (in?ation - in?ation target) In?ation is determined by a Phillips curve so that in?ation = in?ation target + 0.5 X output gap last year And..
GDP in an economy is growing at 3% a year in real terms. Population is constant. The government decides to allow a signi?cant increase in immigration so that the population (and the workforce) start to grow by 1% a year.
Write down a five paragraph introduction detailing the purposes and activities of the organization. Consider whether there're any groups opposed to them and why.
suppose the production function is given by y 4x1 x2. if the factor prices are 4 for factor 1 and 2 for factor 2 how
(i) What is Mia's expected utility? What is the expected value and the variance of her income? (ii) What is Mia's risk premium? (iii) Suppose that Mia; is offered an insurance policy at the rate p=0.25 How much of insurance would Mia buy?
suppose the initial conditions of the economy are characterized by the following equations. in this problem we assume
even before the metals and manufacturing companies described earlier u.s. railroads in the nineteenth century were
Discuss the benefits and challenges when implementing Industrial policy? How does comparative advantage relate the implementation of industrial policy?
Determine the range of out-of-court settlements when the expected value of litigation for the two firms is $65,000 in favor of Factory X. The court costs for Firm Z are $20,000; the costs for Factory X are $25,000.
If the price of one of the bundles of good rises, what information is needed to calculate the impact on demand for each of the bundles of goods?
When entry occurs in a monopolistically competitive industry - Why would a competition regulator need details relating to how firms are competing to cut prices, raise output levels, or build a high quality reputation?
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