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a. Explain how a large country can increase national welfare by imposing an export tax.
b. Explain how this tax affects the welfare of domestic consumers and producers.
c. Explain how this tax affects the welfare of foreign consumers and producers.
d. Is world welfare higher or lower? Explain.
Explain how much government securities should be purchased/sold if an open market operation is undertaken
Elucidate how a firm's production function is related to its marginal product of labor, how a firm's marginal product of labor is related to the value of its marginal product.
If she has to eat only whole servings, what will she have for breakfast, and how many calories will she consume? If she can eat partial servings, how would your answer differ?
The marginal damages(costs) associated with that function are MD=2Q+2. Sketch a graph what the marginal benefits and marginal damage curves.
Explain how do the life-cycle hypothesis also the permanent income hypothesis resolve the seemingly inconsistent pieces of evidence regarding consumption behaviour.
Describe the best possible distribution channel for that product or service and why that particular channel would be better than any alternatives. Discuss the challenges you would face if you decided to market your product or service on a global ..
Can this model explain the fact that unilateral divorce law increased the divorce rate temporarily.
Illustrate what are the indicators of underdevelopment in a world economy.
Show that if the food stamps could be legally re-sold, the welfare of the household would be increased. Give one reason why food stamps should not be re-sold.
What is the sampling distribution of p ? for this study? What is the probability that the sample proportion p?
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? b) Explain what is meant by a built-in stabilizer and give two examples.
The government sets a price floor of $5 in the above market. Is this price control binding? If so, is there a shortage or a surplus and what is its magnitude.
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