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The President signs a free-trade agreement between the United States and Brazil. Please write a three-paragraph essay describing its effect on prices for food, housing, and oil. Remember that the future is always uncertain, so there is no right answer. Make your best guess as to what might happen in each case based on economic concepts. Pay particular attention to how consumer demand would change, and how the event would affect production costs and the business cycle.
A proposed bridge will last 40 years. Annual maintenance will be $14000. Major overhaul expenses in addition to the annual maintenance will occur at the end of the years 10 and 30.Each overhaul will cost $20000.First cost is $120000.If i=10%,the capi..
q. suppose that a ton of steel currently sells for 2000in united states and for euro2000 in germany. the exchange rate
Suppose that a proposal is under review to strengthen the NPDWS for benzene, and the associated abatement level would generate a marginal social benefit (MSB) that is greater than the marginal social cost (MSC) by $125,000. On efficiency grounds, sho..
Based on the current events in our economy, please keep this in mind. When interest rates are held more or less at a constant rate and price risk remains stable, financial leverage does not greatly impact changes is stock return at the market level. ..
The principle of opportunity cost is that
Smith has been trying to sell his house for 6 months although so far there are no purchasers. Draw the market for Smith's house.
Unusually good weather which improves crop production also a major oil discovery are examples of unexpected supply shocks in the economy
A bank receives new deposits equal to $200,000 and the required reserve ratio is 10%. Assuming that desired ratio is equal to their required reserve ratio and no currency drain (C=0) answer the following questions: What is the amount of new loans the..
Perfectly competitive firm has short-run cost function: SRTC = q^2 +30q +400. Corresponding SRMC function is given by: SRMC = 2q+30. Is $50 a long-run equilibrium price? Explain reasoning. Find the equation of this firm's short-run supply function
Consider firms in industries you are familiar with. Are firms in such industries price takers or price-setters? How much control do they have over the prices they charge? (150 words)
Construct a contingency table by using the following information: 89% entrepreneurs by choice. 11% entrepreneurs by necessity
What are some real-life examples of monopolistically competitive, oligopoly, and monopoly markets? How do market prices differ between perfectly and imperfectly competitive markets? Will a monopoly always produce at a profit-maximizing level of outpu..
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