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1. Quotas and tariffs can:
Yield the same amount of tax revenue if they are set appropriately.
?Have the same effect on the price of domestically produced goods if they are set appropriately.
?Both increase international trade by the same amount if set appropriately.
?Never have the same effect on imports and import prices.
2. ?Macroeconomics is:
?The study of pricing policies of firms and the purchasing decisions of households.
?The study of aggregate economic relationships.
?An analysis of economic reality that proceeds from the parts to the whole.
?The study of individual choice and how that choice is influenced by economic forces.
Let’s suppose the situation where the newly formed government act to cut government spending and, by doing so, eliminate the current federal government budget deficit. What happens to private investment as a result of this change in policy? What effe..
In your words, compare and contrast a positive and a negative externality. Be sure to provide an example for each. How does a positive or negative externality
What will the sustainability movement look like over the next 20 years? What issues do you expect to take center stage? How will business respond?
Although the central banker didn't say so, this may ultimately compel him to resort increasingly to managing the money supply by managing banks' excess cash reserves-the stuff from which banks create loans. What are excess cash reserves? Why are the..
A large induced-draft fan is needed for an upgraded industrial process. The motor to drive this fan is rated at 100 horsepower, and the motor will operate at full load for 8,760 hours per year.
Elucidate how do you expect the demand and supply of the good or service to change in the next year. Support your answer.
Each firm has the usual U-shaped average-total-cost curve. The market is in long-run competitive equilibrium.
Why is an increase in number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
Discuss a decision made by your chosen company that involved costs that should have been ignored. why did the company include these costs in their decision process.
A town of 200 individuals that drives SUVs. 200 on average burn a gallon of gas every 18 miles. At 15,000 miles of travel what is the impact of driving this vehicle? The town became environmentally conscious and switched to hybrid SUVs in order to ge..
Price elasticity of demand is an important tool for managers in a selling environment in decision what to put on sale. Discuss how managers of over the counter health care products could use the concepts of elasticity to maximize profit.
q1. why does michael porter admonish companies not to change their competitive positioning any more frequently than
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