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Assume that the government imposed a price ceiling on gasoline in order to prevent prices from getting too high. What are the economic implications of this action in the gasoline markets? Use graphs as needed and explain your answers thoroughly. Scenario 2: Assume that the government imposed a price floor on wages (minimum wage) in order to make sure that workers can earn a living wage. Is this a price floor? What are the economic implications of this action in the labor markets? Use graphs as needed and explain your answers thoroughly. Scenario 3: What are the gains and losses of international trade? What happens when tariffs are imposed, in terms of the importing and exporting countries? Use graphs as needed and explain your answers thoroughly. Scenario 4: If the government doubled the tax on gasoline, would the tax revenues increase or decrease? Why? Use graphs as needed and explain your answers thoroughly. Required: Using the scenarios from above, create an 3-6 page paper in APA format. Submit your paper to the W2: Assignment 1 Dropbox by Wednesday, February 27, 2013. Create a Microsoft PowerPoint presentation for each scenario, summarizing your paper and consisting of at least one slide per scenario.
The central bank lowers discount to rise the nation's monetary base. The country has highly mobile international capital markets and a fixed exchange value system.
Elucidate the supply function for a perfectly competitive industry with constant returns to scale? Consequently, what will be the equilibrium price and equilibrium profits for this industry.
Who benefits from a tariff or quota. Who loses. Illustrate what are positives and negatives of protectionist trade policies on federal government's part. Which policy is best right now.
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms.
Illustrate what is maximum amount you would pay for offer of $2,000. Suppose offer was $2,000, but delivery was to be in 2 years instead of 1 year. Illustrate what is maximum amount you would be willing to pay.
Roy Rogers the lead broker at C-U Broke is interested in identifying whether there is a difference
Explain how should it be allocated. Explain hardwood usage in the two lines of product are.
Illustrate what role did the policies of various governments play in influencing the international expansion strategies of both McDonalds's also Wal-Mart.
What government policies are available to reduce domestic demand in the medium run. Identify which components of domestic demand each of these policies affect.
Illustrate what price and quantity of computers should you produce to maximize your firm's profits. Explicidate long adjustment should you anticipate.
Determine tax that would in a monopolistic market producing socially efficient output. Assuming that no attempt is made to monitor or regulate pollution, which market structure yields higher social welfare. Discuss.
You observe a positive relationship between price that your store charges for CDs and total revenue from CDs. Is demand for your CDs elastic or inelastic.
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