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How might a government solve the problem of overfishing by assigning property rights over areas of the sea around the local coastline to a single fisherman?
[hint: he can charge other fishermen a fee to be able to fish in "his" sea]
Have property right policies been successful in Asia in practice? What are the big issues faced with assigning property rights in this context?
Assume foreign income rise to 108,000 and interest rate is allowed to temporarily diverge from world economy interest costs. What are the equations for IS and LM curves?
Describe how each of the following will affect the relative values of the dollar and the French franc, Income growth higher in the US than in France.
Explain the impact of external costs and external benefits on resource allocation and why are public goods not produced in sufficient quantities by private markets?
Determine some documented mistakes made in the past in marketing existing North American items to international markets?
Discuss and explain the key features of an oligopolistic industry. Illustrate your answer with reference to an industry of your selection.
Assume that, from an initial equilibrium rank in the offer curve diagram, nation I imposes a tariff on country II's export good at the same time that customers in country II change their tastes toward wanting more of II's export good.
World Tennis Ball Co. (WTB) makes tennis balls and sells them only in the U.S. Raul Fernandez, the firm's marketing manager, is comparing his firm's distribution with two major competitors. 1) WTB sells its products through four regional distribut..
Suppose you are the Economic Advisor to the President of the U.S. Your task is to make a framework for economic policy and issues. During one of your briefing sessions in the White House,
Determine the free trade equilibrium. Then calculate and graph the following effects of an import quota that limits imports to 50 bags. a. The increase in the domestic price b. The quota rents c. The consumption distortion loss d. The production d..
The economic staff of the U.S. Department of the Treasury has been asked to recommend a new tax policy concerning the treatment of the foreign earnings of U.S. firms. Currently the foreign earnings of U.S. multinational companies are taxed only wh..
Sal's International is a popular haircutting and styling salon near campus of University of New Orleans. Four barbers work full-time and spend an average of fifteen minutes per customer.
Assume that the government buys are increased from 100 to 150. How much does the IS curve shift? What are the new equilibrium interest rate and level of income? Describe it.
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