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The leader of the Macro Islands has asked you to post a message to the discussion board about trade and tariffs that is going on in the legislature.
Your post should respond to the question: Should the United States use tariffs and quotas to restrict foreign competition for business? Give at least three reasons to support your opinion based on the arguments for or against free trade.
Be sure to take on the persona of the economist as you write your post.
Felix chooses between clothing, q1, and food, q2. his initial income is $1000 a month, p1=100 and p2=10. at his initial bundle he consumes q1=2 and q2=80. Later, his income rises to $1200 and the price of clothing rises to p1=150, but the price of fo..
In a graph show an example of a Multiple Equilibrium Poverty Trap with one equilibrium at a low-level of well-being and one at a high-level of well-being and an unstable critical threshold around which one will be converge to either the high or low-l..
An IS/IT Strategy is a planning document that clarifies how information system and technology ought to be used as a major aspect of an organization's overall business procedure and ought to be intended to support the association's overall plan of ..
Over the last decade, the presence of emerging economies has been felt in both developing and developed nations. Do you think United States corporations should seize the opportunity and forge partnerships with these emerging economies?
Consider the U.S economy compared to a European economy such as Germany. The data tell us that in the U.S, real GDP and real consumption (per person) are higher than in Germany. Moreover, Germans enjoy signi?cantly more vacation time each year. Assum..
Jane, like Mary, grows silver bells and cockle shells in her garden, only she doesn’t have any space constraints. She does have a money constraint: she can only spend 500 pence (p) on flowers. Like Mary, Jane has a utility function for silver bells (..
Between 1970 and 1976, average inflation rate of Country X was about 35 percent per year. With that rate of inflation, prices would double about every ________ using the rule of 70.
From an economist's perspective, an important consideration for policies to address global warming is: Which of the following does not illustrate the asymmetric information problem: In a well-functioning cap-and-trade system for pollution rights, the..
Adam Smith "found" benefit as unmistakable from "wages of superintendence" by taking note of that capitalists got an arrival proportionate to their capital, where did not have all the earmarks of being identified with any characteristic or scholarly ..
In the use of contingent valuation under cost-benefit analysis: A.people's travel costs determine the value of a public good. B.the value of similar market-traded goods estimates the value of a public good. C.direct surveys of the people are used to ..
Elucidate what impact on quantity demanded and supplied for cars will be if oil costs rise to $200 per barrel. Illustrate what about if extreme recessionary conditions prevail.
If a state decided to place a tax on home heating oil, over time:
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