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After a pair of wars in the late seventeenth and early eighteenth centuries, French-British relations decayed to the point that England began putting high tariffs on French wines. A large part of the support for this law came from British brewers and distillers who feared the return of French competition after the wars. These tariffs help explain why, to this day, the English prefer beer over wine. Of the arguments against free trade, which seems most likely to apply here, given the information provided?
A. preventing child labor
B. saving domestic jobs
C. alcohol being a "key industry"
If an earthquake decreases cement supply by disabling a major cement plant and increases demand by necessitating repair jobs, what does the model of supply and demand definitely predict for the cement market?
Illustrate what is elasticity of demand at profit maximizing level of output. Without use of any calculations, determine wherefirm=s total revenue would increase, decrease, or stay same if CRAPCO attempted to increase its price by .2%. Explain how..
Explain how meeting-competition clauses may serve as an enforcement mechanism for price-fixing agreements of cartels.
Monetary cooperation: Please compare the advantages and difficulties for flexible and for fixed exchange rates.
A firm can determine how many resource units to acquire by comparing Marginal Revenue Product and Marginal Factor Cost, then continuing to acquire another unit so long as its MRP exceeds, or at least is no worse than, its MFC.
Explain fully how a tax or subsidy affects the market. Explain how higher taxes do not necessarily raise more revenue as demonstrated by the Laffer curve.
What is the impact of opening trade on the real rental on capital.
Define absolute and comparative advantage in your own words. Elucidate how absolute and comparative advantages were used in your simulation.
Illustrate what will be the effect on the level of checkable deposits.
mechanical engineer who recently graduated with a masters degree is contemplating starting his own commercial heating
Suppose the economy is experiencing a recession and high unemployment. What would be the interpretation of how an expansionary monetary policy would address this problem?
why do land cost tend to fluctuate in a free market and why taxes on land are often regarded as preferable to taxes on other factors. 700 words
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