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Two U.S. senators made the following argument against allowing free trade: "Fewer and fewer Americans support our government's trade policy. They see a shrinking middle class, lost jobs and exploding trade deficits. Yet supporters of free trade continue to push for more of the same - more job-killing trade agreements." Do you agree with these senators that reducing barriers to trade reduces the number of jobs available to workers in the United States?
Determine the profit-maximizing prices both firms will charge. In addition, calculate the price-cost margin for each firm and indicate which has more pricing power and why.
What do you think will be the basic problem of financing Social Security in the next 25 to 30 years?
One cornerstone of President George W. Bush's economic policy during his first term in office was tax cuts targeted towards high income and high net worth households. Under his proposals the marginal tax rate applied to capital gains taxes has bee..
Political business cycle: Do economic events affect presidential elections? To test this so-called political business cycle theory, Gary Smith 20 obtained the following regression results based on the U.S Presidential elections for the four yearl..
There are accurate statments about the debt problem in LCDs EXCEPT that is in some countries, debt is greater that GDP or else.
1. if the hhi for the widget industry is 1200 then the market structure isa. impossible to determineb. an oligopoly.c.
Which of the followings tends to occur during recessions Cyclical unemployment tends to fall The stock markets tends to surge (experience a rapid rise in prices) Interest rates tend to fall Gross Domestic Product rises Consumer ..
If Starbucks’s marketing department estimates the income elasticity of demand for its coffee to be 1.75, how will looming fears of a recession (expected to decrease consumers’ incomes by 4 percent over the next year) impact the quantity of coffee Sta..
Suppose that normal workers increase a rm's revenue by $6, while smart workers increase revenue by $A, where A > 6. Firms cannot tell smart workers from normal workers ex ante, but can observe a worker's educational level.
If the price elasticity of demand for gasoline is 0.3 and the current price is $3.20 per gallon, what rise in the price of gasoline will reduce its consumption by 10 percent.
Describe how households and businesses are slowing down the circular flows of money and goods and services during the economic slump.
the bonds will have the following characteristicsannual coupons of 50face value of 1000maturity of 5 yearsthe required
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