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Which of the following statements is true regarding trade in agriculture? The united states exports almost 50 percent of its agriculture production. In general, governments let agriculture markets operate on free trade principle. nations do not mind being reliant on other countries for their food supply. most countries impose strict restrictions on both raw and processed food products?
there was a month in which employment and the unemployment rate both rose. Assuming the computations were correct, how is it possible for both to have increased.
calculate the breakeven cost of the above air-conditioner with condenser using evaporative cooling if the MARR is 8% p.a.
A large percentage of the world supply of diamonds comes from Russia and South Africa. Suppose that the marginal cost of mining diamonds is constant at $1,000. What would happen to South Africa’s profit if it increased its production by 1,000 while R..
Nash equilibrium is:
Suppose the price elasticity of demand for farm products is inelastic. If the federal government wants to follow a policy of increasing income for farmers, what type of programs will the government enact?
Assume the annual demand for liquor in Mississippi. The supply of liquor is given by the equation Qs= 30,000P. Solve for the equilibrium annual quantity and price of liquor.
Discuss the income-distribution effects of trade a) between countries (HINT: terms of trade) and b) within countries (HINT: Samuelson).
1.the production possibilities curves above show all the possible combinations of helicopters and scooters that two
Has the U.S. economy achieved full employment equilibrium yet (let’s say within 0.1%)? Explain how we define ‘full employment’ and how you can tell whether or not that goal has been achieved. find the most recent estimate of the actual unemployment r..
as government subsidizes investment likely with an investment tax credit the subsidy often applies to only various
What is the marginal revenue product of hiring one low-skilled worker to clear woodland for one month.
Val-lok industries manufacture miniature fittings and valves. Over a period of 8 years, the costs associated with one product line were as follows: initial investment cost of $22,000 and annual costs of $20,000. Annual revenue was $24,000. What rate ..
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