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The costs and benefits of free trade
Despite the adverse affects of imports on some industries and workers; do the benefits to all out way the costs to some? President elect Trump has threatened to cancel or renegotiate some of these trade pacts (NAFTA, Transpacific Trade Pact or TPP, the trade pact with the European Union). Can he, should he? Do some research and come up with an opinion.
Explain what effect a reduction in the U.S. interest rate would have on the exchange rate?
In the auction described above, suppose that you could entice additional bidders to attend your auction. However, none of the new bidders would have a valuation greater than $3.0 million.
When excess demand exists for tickets to a major sporting event or concert, profit opportunities exist for scalpers. Explain using supply and demand curves to illustrate this economic principle. Do you agree or disagree that these scalpers are effici..
Based on your answer in a and b, how can you reconcile the President's statement with economics? Can you suggest how his statement could be modified to be consistent with teh IS-LM model?
The market for a case of wine has been described by the following supply and demand functions: At the market equilibrium price, what would be the total monthly revenue? Calculate consumer surplus at the market equilibrium and indicate this surplus as..
A U.S. manufacturing company operating a subsidiary in an LDC (less-developed country) shows the following results: U.S. LDC Sales (units) 100,505 19,600 Labor (hours) 19,550 14,550 Raw materials (currency) $20,500 FC 19,550 Capital equipment (hours)..
Explain verbally the theoretical land price gradient between commercial, residential, and agricultural uses of lands. Do we observe this theoretical relationship in Colorado’s Front Range? Why or why not? Discuss at least three of the policy options ..
A computer costs $1, has an estimated life of 10 yrs and a scrap value of $1500. Assuming no inflation and an interest rate of 4%, what uniform annual amount must be invested at the end of each of the 10 yrs in order to replace the computer?
A cost of using Fed discount operations to prevent bank panics would be ______. Economics of scale explains the existence of financial intermediaries because of ______. Benefits of using a nominal anchor for the conduct of monetary policy includes __..
Then define a unit of measure and a sensor for the control subject.
In assigning distributional weights to different social groups
Suppose that Demand is D = 10-2P, where P is price. (a) Evaluate the elasticity of demand at P = 2. (b) Evaluate the elasticity of Demand at P = 3. (c) Write the marginal revenue, evaluated at these two prices.
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