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The use of artificial trade barriers, such as tariffs and import quotas,
A. cannot increase domestic output and employment in the short term, but can in the long term.
B. cannot increase domestic output and employment in the short term or the long term.
C. can increase domestic output and employment in the short term and long term.
D. can increase domestic output and employment in the short term, but that is not likely to last for the long term.
calculate the aggregate demand and supply, as well as its price level. Amount of Real GDP Demand, in Billions Price Level (Price Index) Amount of Real GDP Supplied, in Billions $200 400 $600 $300 350 500 $400 300 400 $500 200 300 $600 150 200. At wha..
If you have a series of cash flows, each of which is positive, you can solve for I, where the solution value of I causes the PV of the cash flows to equal the cash flow at Time 0.
What price and quantity will result once the patent expires and competition emerges in this market? Explain your answer.
Suppose that expectation of reducing housing values cause households to decrease their demand for new houses and the financing that accompanies it.
Explain why the budget line can be called "objective" but an indifference curve is called "subjective." Explain why, if a consumer is to be in equilibrium, the marginal rate of substitution of good X for good Y must equal the negative ratio of the pr..
Explain why primary goods can be expected to exhibit more price instability than manufactured goods. How could buffer stocks be used to reduce this instability?
Why is the demand for labor more elastic in the long run? The skills required for gold miners and coal miners are very similar. Suppose the price of coal declines --- what is the expected impact of thsi change on the labor supply curve for gold miner..
Kalia is currently spending all of her weekly income purchasing the two goods that she likes hamburgers and fries. She is currently purchasing 10 hamburgers and 5 large fries. She receives 40 utils from her 10th hamburger and 20 utils from her 5th la..
Suppose that U.S. debt is $100 trillion dollars at the beginning of the fiscal year. During the fiscal year, the government spending is $7 trillion and government transfers are $2 trillion and tax revenues equal $10 trillion. At the end of the fiscal..
What is the difference between a change in supply and a change in quantity supplied?
For each of the following transactions, how much does US GDP increase? And how much, if at all, do consumption, investment, government purchases and net exports change? Peter Rich buys a 1928 painting by Pablo Picasso at an auction for $1 Million. In..
Which statement BEST describes the advertising industry's position on marketing to children? marketers must limit their use of advertainment in broadcast and online channels.
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