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Suppose that the domestic demand and supply for t-shirts in a small open economy are given by: Q=50-P(demand) and Q=25-2P (Supply) [where q is quantity and P is price]
1.) If the world price is 10, what is the free trade level of imports?
2. The county imposes a quota of 11 units. How much will the domestic price rise?
3) What will the welfare effects be of a quota of 11 units on this country?
4) Suppose that instead this country negotiates a VER of 11 units with its chief foreign supplier. What are the welfare effects of this policy?
according to the chief engineer at the zodiac company qalakb where q is the output rate l is the rate of labor input
a new contraption to help you eat yogurt easily while driving autogurt is now on the market. it costs justin 2 in
What is the law of supply, and what are the factors that cause shifts in supply? What is the law of demand and why is it important?
Total Revenue and profits are maximized at the same level of output if:
Political Economy GV307 : Consider the model of “no theft” where the consumer pays the official government price plus a bribe in order to obtain X. Assume that the official marginal revenue for selling the good in this context is given.
when a variable grows at constant rate, then the graph of the ln of the variable is a linear function of time, with slope that is approximately equal to the growth rate of the original variable (when that growth rate is small). Usin..
Find the marginal rate of substitution for both individuals and is the initial allocation pareto efficient
Why did president Obama want to repeal the Bush era tax cuts on upper income tax payers How would the repeal of these tax cuts impact aggregate demand and to what degree How did the economic conditions in 2010 make such a repeal less likely to tak..
Evaluate the financial statements and the financial position of health care institutions and describe the overall planning process and the key components of the financial plan.
Suppose you make 30 annual investments in a fund that pays 5 percent compounded annually. If your first deposit is $7500 and each successive deposit is 5 percent greater than the preceeding deposit, how much will be in the fund immediately after the ..
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Ross Perot added his memorable "insight" to the debate over the North American Free Trade Agreement (NAFTA) when he warned that passage of NAFTA would create a "giant sucking sound" as U. S. employers shipped jobs to Mexico
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