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Merits and Weaknesses of Import Restrictions
What is the infant industry argument for putting up barriers to imports? What are its merits and weaknesses?
Use a production possibility frontier to illustrate the probable results of your fiscal policy. By how much did consumption change? By how much did savings change?
Using the theory of oligopoly and the concept of prisoners dilemma, explain why the cigarette companies did not cut on advertising on their own to increase their profits before the law went into effect?
Prepare an salary statement for the month utilizing the contribution format and the variable costing method.
Make a short paper which relates how specific material from economic course where we cover supply and demand, elasticity and etc.
Suppose you are running a photo copy center that makes illegal copies of the textbook. An illegal copy of the book sells for $10 and you only have one copy machine.
In a few weeks Professor Smith will be taking his daughter Attilla to the State Fair. Calculate the Marginal Rate of Substitution (MRS).
Illustrate what is the difference among real GDP and nominal GDP. Does GDP accurately reflect our nation's productivity.
State with brief reasons whether the following statements are true, false, or uncertain.
If the price of a good decreases, the substitution effect shows the increase in the quantity of the good demanded, holding income constant.
Determine the price elasticity of demand for a resource. Why is it important and what is it used for.
To what extent were monetary factors responsible for the recession of 1981 and 1982? Provide a full analysis and be specific. Please site references where appropriate.
Why is capital relative scarce in low-income developing countries and relatively abundant in high income countries? In brief describe the capital market institutions in a developing country that you are familiar with.
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