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What would be the effective rate of protection on bicycles in China if China places a 50 percent tariff on bicycles, which have a world price of $200, and no tariff on bike components, which together have a world price of $100?
Suppose an economic advisor to the president recommended a personal income tax increase. indicate the expected effects on demand, supply, and gdp?
Describe the effect of such clauses on both the government, and other customers, noting, inter alia, the effect on the selling firmâ.
Assume you also have the following additional macroeconomic information of Bush Garden economy in the context of Keynesian Expenditure model.
this problem is based on the specific factors model. consider the economy of the shire that produces cereals and
The total operating revenues of a public transportation authority are $100M while its total operatiing costs are $120M.
Determine what factors might contribute to a low level of productivity in an economy and compare these to rapid productivity growth experienced through the US during the 1990s.
You are a competing firm are the only sellers of a new product. You both realize that the one who captures most of the market share will be the one that spends the most on advertising and promotions. You have $1 million for advertising and promoti..
Suppose Bank of Canada (BOC) purchases $100 million worth of government bonds from a chartered bank. Assume BOC imposes 5% legal reserve requirement ratio to the banking system.
Illustrate what were some of the major contributing factors and how did they combine to cause the recession. How were you affected by it.
How much can Wells Fargo lend to developer who will repay the loan by selling first 6 view lots out of 13 lots at $190,000 each 2 year from now Assume the bank will lend at a nominal 14% per year, compounded semiannually.
Nowhereistan is a poor country in an island in middle of nowhere. It produces only apples, bananas and oranges. The following are the information for 2009 (base year) and 2010
If instead local ordinances granted the households the right to be free from the pollution, could an efficient outcome be achieved by voluntary exchanges between the households and the O&Gs Would the households be better off or worse off than if t..
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