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During the 1980s, the US Cingress imposed a high sales tax on yachts, figuring that the rich could afford to pay for this luxury. But so many jobs were lost in the boat-building industry that the measure was finally repealed. What did Congress get wrong in imposing this tax?
Suppose If factor-intensity reversals were indeed prevalent in the real world, how might this fact be used to describe the Leontief paradox?
Suppose that the inflation rate in the United State and japan are 4 percent and 2 percent, respectively and that the current spot rate is $.0083333 per Japanese yen or 120 Japanesse yen per one percent dollar.
Suppose that in Canada opportunity cost of manufacturing 2 television sets is 3 bushels of wheat. Suppose that in the United States the opportunity cost of manufacturing 2 bushels of wheat is 3 television sets.
Describe the meaning of efficient markets. Why might we expect markets to be efficient most of the time?
Chicago and Los Angeles. The total number of passengers flown by these two firms (per quarter), q, is the sum of the passengers flown on American, qA, and those flown on United, qU. Assume no other companies can enter. The flight Chicago-Los Angel..
Many people say yes that government's role in free market economy should be limited, the degree of appropriate government involvement is contested.
Smith identify that if the forward rate is lower than what interest rate parity indicates, the appropriate strategy would be to lend:
Provide an introduction to your position paper with a clear thesis statement that provides an overview of the paper and analyze three (3) of the major issues facing corrections today, highlighting their historical development.
Although the world financial crisis of 2008-2009 began in the U.S. sub-prime mortgage market, it quickly spread around the world. Ironically, foreign assets became viewed as riskier than U.S. assets. As a result, investors around the world.
How you consider macroeconomics applies to Walmart and determine what would it contribute to your understanding of this organization's prospects?
Determine the disadvantages of forming corporate joint ventures between multinational corporations in the home and host country? Describe the theory of optimum currency areas, for example, the European economic community.
Should the U.S currency be backed by gold Recently the dollar has been losing value and there were a few countries advocating a change from using the dollar as the "international" currency (for example petroleum on the international market is boug..
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