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1.) Suppose that the production of $1 million worth of steel in Canada requires $100,000 worth of taconite. Canada's normal tarrif rates for importing these goods are 20% for steel and 10% for taconite. Given this information, calculate the effective rate of production for Canada's steel industry.
2.) What is meant by the terms bonded warehouse and foreign trade zone? How does each of these help importers mitigate the effects of domestic import duties?
Explain how each of the following would cause the yield curve to shift if between now and next year:
Explain how might I have reallocated my spending so as to maximize my total satisfaction from pizza and coffee.
Assume you decide to open a copy store. You rent store space, and you take out a loan at a local bank and use the money to buy 10 copiers.
The key feature of the production function is that the marginal impact of capital per worker k = K/L on Y/L decreases as K/L increases.
Describe how these technologies have changed the way accounting is performed at your organization or an organization of your choosing.
Describe why the demand curve facing a monopolist is less elastic than one facing a firm that operates in a monopolistically competitive market.
Suppose the effects of a change in the money supply in an open economy under a flexible exchange rate system. How are your conclusion affected by the adoption of a fixed exchange rate.
In a simple model of duopoly, two company manufacture the same good, for which each firm charges either a low or a high price. Each firm wants to achieve the highest profits.
What would this event makes the demand for the dollar to increase or decrease relative to the demand for the pound.
What types of inefficiencies and/or externalities arise in each renewable resource case that interferes with sustainable and efficient management results?
Suppose that workers and firms could always predict next year\'s price level with perfect accuracy.
The intent of this week exercise is to familiarize with EXCEL and to gain experience and practice in interpreting the output generated by most statistical packages (EXCEL) when linear regressions are run on a set of data.
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