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if the US engage in foreign trade, should we limit foreign trade to nations that engage in fair trade by giving us access to their domestic markets and reciprocal import tariff reductions that mirror our tariff reductions on our imports from them?
Construct a graph showing the outputs, and prices before and after the corrective taxes were imposed.
Please elucidate the likely effects on Savings (Gross Private Domestic) Investment, Long Term Real Interest Rates, The Capital Stock, Natural RGDP.
In the US the long-run inflation rate can be expressed simply as the growth rate.
Make supply and demand diagrams for market A for each of the following. Use these diagrams to determine how each of following changes in demand or supply affect equilibrium price & equilibrium quantity.
The decisions of the World Trade Organization in particular have been the subject which has much criticism.
What is the marginal propensity to consume in Freedonia, and what is the marginal propensity to save?
Citrus Speculation and Forecasting, Inc., has been recruited by a private consortium of orange growers to predict what will happen to the price and output of oranges under the conditions below.
discuss the different economic theories of Milton Friedman. Why was he important? Has he helped or hurt our economy? If he were alive today, what do you think he would suggest as an economic plan for our economy? Would he agree or disagree with th..
Describe arbitrage and the law of one price. What role do they play in a market-based system. What do we call the 'one price' of an asset.
Suppose you want to produce WIDGETS in your country. The international price of an imported WIDGET is $50 and pays an import tariff of $10 per unit. Three inputs are needed to produce a WIDGET.
Suppose the economy is in the midst of a severe recession. Determine which of the following policies would be consistent with active fiscal policy?
Find out an output which maximizes the total revenue. Calculate the price elasticity of demand at this output.
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