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Consider a small open economy in the short run where the government imposes trade tariffs on corn.
(a) Given a floating exchange rate sketch a graph of the impact of the tariffs on IS-LM.
(b) With a floating exchange rate how does the trade tariffs impact the sale of domestic corn? Other export goods?
(c) Given a fixed exchange rate sketch a graph of the impact of the tariffs on IS-LM.
(d) With a fixed exchange rate how does the trade tariffs impact the sale of domestic corn? Other export goods?
(e) Under which regime (floating or fixed exchange), are the tariffs more effective in increasing output? (f) Under which regime does the money supply increase by more or less, why?
Discuss why commercial labor norms are superior to subsistence labor norms when one needs to create wealth.
What are the goals/objectives of judges (what do they maximize)? Filing fees: for the marginal case, the one that may or may not be filed the filing cost should equalt what?
AAA Personnel, Inc., discharges Barb, who feels the discharge is due to her religious beliefs. She decides to pursue an employment-discrimination claim and file suit against AAA. She could contact the Equal Employment Opportunity Commission
There are two choices for replacing a punch press. The basic model has a useful life of 8 years while the deluxe model has a useful life of 12 years. Whats the most appropriate analysis period for this problem?
Complete an in-depth analysis of a current labor event in one of the following countries: China, Hong Kong, France, England/UK, Germany, or Mexico. Pick a single specific topic of labor relations to evaluate, such as strikes, formation, impasse resol..
Explain carefully how the rate of inflation and the length of the holding period (how long a durable asset is owned) affect the burden of the capital gains tax for the owner of an asset. Explain what the lock-in effect is for capital gains that are t..
The CEO of AT&T is tired of competing with Verizon and Sprint in the wireless service industry, so he is thinking of doing these two things: (1) Having AT&T buy Sprint; (2) Calling the Verizon CEO and forging an agreement with him to increase consume..
The United States simultaneously limits imports of ethanol for fuel purposes also provides incentives for the utilize of ethanol in gasoline which raise the price of ethanol by about 15 percent.
Consider a closed economy which can be characterized by the following equations: C = 400 + 0.8YD I = 600 + 0.1y- 1000r G = 300 T = 125 (M/P)d = 0.2Y-6000r (M/P)= 400 a. Solve for the goods market equilibrium and state the equation for the AD and IScu..
Assume you have 5 uneven payments to make and you want to know what you will be paying at 10% per payment (year) on this uneven payment.
Mr. and Mrs. Cally are in the process of buying a home for $240,000 and are considering the following home mortgage financing options: What is the expected home's value in 5 years? What is the outstanding loan balance in 5 years for option 1: ? for o..
Suppose without trade, country A produces and consumes 100 units of widgets at a price of $10 each. Illustrate what is the total gain or loss from trade for country A.
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