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The export supply curve for a particular country is the
1. sum of the quantity supplied and quantity demanded in the domestic market for a price above the domestic equilibrium price.
2. sum of the quantity supplied and quantity demanded in the domestic market for a price below the domestic equilibrium price.
3. difference between quantity supplied and quantity demanded in the domestic market for a price below the domestic equilibrium price
4. difference between quantity supplied and quantity demanded in the domestic market for a price above the domestic equilibrium price.
Oregon has an income tax but no state sales tax, while Washington has no state income tax but does have a state sales tax. Oregon residents can deduct the state taxes they pay (the income tax payments) from their federal income taxes, while Washingto..
A low - cost noncontact temperature measuring tool may be able to identify railroad car wheels that are in need of repair long before costly structural failure occurs. If the BNSF railroad saves 100,000 in year 1, $110,000 in year 2, and amounts incr..
John, who earns more than $50000/year working at his full-time job, spends 40 hours splitting and stacking two cords of firewood over the course of many weekends in the spring and summer. Firewood—split and stacked—costs $200 per cord. Based on this ..
TT Drinks Company was established a hundred years ago and currently employs over 300 people. The company produces and sells a range of black, green and flavoured teas and fruit infusions. TT's last Director of Marketing was away from work with illnes..
Assume that two firms operate in a market which has a demand function Q = 12 - 1P. Firm 1's output is designated by q1 and firm's 2's output is designated by q2. If firm 1 produces 2 units and firm 2 produces 4 units for sale, what is the total amoun..
Dalton, Georgia has developed into a leading producer of carpets, despite its small size. What is the reason for Dalton's comparative advantage in carpet production?
Describe how a surplus of money leads to a change in bond prices and interest rates. Explain all the steps.
Suppose we are with a real estate agency that has the following houses listed in a specific geographic area. $150,000; $146,000; $152,000; $155,000; $143,000; $157,000; $180,000; $148,000; $154,000; $146,000; $155,000
In cases where the MC outweigh the MB, yet there is the potential for long-term relationship, how would you handle such situations (i.e. no short-term benefit, but maybe long-term gain)? What factors would you consider and why
Pick an existing or proposed environmental policy. Use market failure theory to explain or justify the policy. Then use public choice theory to provide a possible alternative explanation for the policy.
1) Why is it possible to change real economic factors in the short run simply by printing and distributing more money? 2) Explain why a stable 5% inflation rate can be preferable to one that averages 4% but varies between 1-7% regularly.
Compared to monopoly, perfect competition has ___ prices, ___ output and ___ barriers to entry.
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