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If a poor country and a rich country trade with each other, without any restrictions, and the rich country gains $50 million, while the poor country only gains $5 million, is the rich country exploiting the poor country. Please describe in detail.
1. suppose that an individual has a utility function uc h lnc hcrepresents consumption of a necessity good such as
Suppose the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices
why did president obama want to repeal the bush era tax cuts on upper income taxpayers? how would the repeal of these
Both industrial unions and craft unions attempt to raise their members' wages, but each goes about it differently. Explain the diffeence in approaches and describe the impact these differences have on excess quantity of labor supplied.
How does the article support the Simple Circular Flow model and how does the article support the Law of Supply and Demand?
The marginal product of labor (measured in units of output) for Expando Corp. is given by MPN = A(400-N) where A measures productivity and N is the number of labor hours used in production. Suppose the price of output is $.150 per unit.
Small firms can discover the abilities of their workers more quickly than large ones because they can observe the workers more closely at a variety of tasks. Does it then make sense for people with high abilities to go to small firms
what factors affected national income unemploymey rate and inflation rate what factors effect each of these economic
Labor is a resource that is necessary to produce many goods. "If the price of labor falls," says the economist, "the price of goods will soon follow." How does this work?
febreze f and glade g are two brands of air freshener. consumers consider the product a homogeneous good but the market
when you buy a set of speakers best buy asks if you would like to purchase insurance for your speakers. assume that
what will happen to equilibrium of peanut butter traded in the market after the 30% increase in the price of peanut butter? stay the same, increase, not enough info to answer, or decrease. what will happen to the total revenue os us peanut butter..
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