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Q1. Suppose that the government chooses conscription i.e. government services the representative consumer to supply units of time to the government as military service C with a lump-sum tax. With the help of a diagram show the effects of conscription on cumulative consumption, leisure, and services the real wage and aggregate output.
Q2. Do you think it is a good idea for the Russian government to take the measure of encouraging foreign carmakers to build factories in Russia instead of setting trade barriers as it did in 2002 to help relieve its carmakers from the challenges from the imported used cars? Why or why not?
The 1st way is simply to utilize the price of the product in the exporter's home marketplace as the fair marketplace value.
Explain how do you run an oligopoly to make the largest possible profit. The oligopolistic producer of this vehicle failed to heed market signals. It failed. Can you name the company.
Two dry cleaners are located on a street of length. The firms do not make the same profit, verbally describe why this is the case.
Suppose that a golf club is designing a two-part tariff pricing mechanism in order toincrease profits. Suppose there are two types of golfers, mad-golfers and normal-golfers
Visit the Bureau of Labor Statistics for state employment also unemployment.
illustrate what will be the effect of an excess of planned investment over saving in a private closed economy with unemployed resources.
The price paid by buyers increases by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per month in revenue from the tax. Elucidate deadweight loss from the tax.
Suppose a country makes commodity A and B with capital and labour with constant returns to scale technology. When the country goes from autarky equilibrium to trade equilibrium with its trading partner, the price of A rises and price of B remains sam..
Kal Tech Engineering is investigating the possibility of acquiring new automated packaging equipment at a cost. Describe the equivalent uniform annual cost (EUAC) if MARR for the company is 10%.
If the Federal Reserve had maintained a constant money supply in the face of this change, what would have happened to the interest rate.
inflation was 3% last year, expectations are adaptive, and the phillips curve equation is pi = pi + 0.5 (Y -Y*)/Y*. What will the inflation rate be this year?
Calculate the year in which income every capita in the United States was equal to year 2010 income every capita in India.
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