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If the world had no borders, where would production happen? In the place where it could be done at lowest opportunity cost, benefiting us all?
Why do the addition of artificial political borders change this self-evident distribution of production. Why would we ever want to raise prices (by tariffs or other trade restrictions) for no reason at all?
Everyone,everywhere,needs jobs. Why would we not want them all to have the best (and highest paying) job they could ?
When economists attempt to predict the spending patterns of U.S. households, they will typically view the ____________ as a primary determining factor that influences the individual consumption choices that each will make. Which of the following fall..
consider that two countries brazil and argentina have the same rates of investment population growth and depreciation.
Should China set a fixed exchange rate regime with respect to the US dollar, or a floating exchange rate regime with respect to the US dollar? Why? What are the advantages and disadvantages of each regime? Discuss.
Flora's Flowers operates in a perfectly competitive market. At the point where marginal cost equals marginal revenue.
A small town in rural lowa has one large factory that employs the workers in the town.Major League Baseball is an example of what labor market model?
Explain how low must a quota be in effect to have an impact. Using a demand-and-supply diagram, illustrate and explain the net welfare loss from imposing such a quota.
Boat is a product of the Baldwin Company which is primarily in the Nano segment, but is also sold in another segment. Baldwin starts to create their sales forecast by assuming all policies (R&D, Marketing, and Production) for all competitors are equa..
Suppose that a monopoly bank faces an upward sloping supply curve of deposits R (D) = 1 + 0.02D, where D is the quantity of deposits and R (D) is the (gross) deposit rate. If one unit of deposits invested in loans yields a (gross) return of 10, what ..
q1. a flat tax plan allows individuals to deduct a standard allowance of 10000 from their wages. assume that the flat
Elucidate how marketable permits can be used to tackle pollution problems. illustrate your answer with examples from the real world. what problems might a permit face? again use real life problemswere possible.
Which of the following leads to an under allocation of resources to a specific economic activity?
A research engineer invests $5,000 at the end of every year for a 32-year career. If this teacher wants to have $1,524,240 in savings at retirement, what interest rate must the investment earn? Consider the following two mutually exclusive alternati..
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