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What would happen to world welfare if the U.S. paid exporters a subsidy of $5 for every pair of blue jeans they sold to Canada, but Canada charged a $5 countervailing duty on every pair imported into Canada?
Assuming diminishing marginal product of additional workers and diminishing marginal product of additional hours-per-worker, how would a profit-maximizing firm adjust its mix of workers and hours-per-worker in response to [ceteris paribus]: (a) A new..
List the activities in the doctor's office that are candidates for nonvalue-added activities. Explain why you classify them as nonvalue-added activities.
Do you see our communities growing closer together or further apart. One page double spaced.
If it had doubled its land as well as labor, production would have been 325000 bushels. Does it have increasing, decreasing or constant returns to scale.
As parts of a project to monitor traffic in town, the governor secured a grant for $3.5 million that paid for 200 traffic cameras. If the 200 cameras are equal to 20 police agents, each having a salary of $65,000 per year, what is the rate of return ..
Briefly explain why the three variables are appropriate explanatory variables to predict the consumption of services or why they are related to consumption.
(Economic Fluctuations ) Describe the various components of fluctuations in economy activity over time. Because economic activity fluctuates, how is long- term growth possible?
politicians are often heard saying that tuition at state universities should be kept low to make education equally
Suppose there are two potential objectives, but this particular decision maker cares only about one of those objectives and not at all about the other. Draw a diagram with the amounts of each objective on the axes, and then show what his indifference..
What are some of the tools that countries use to restrict trade and why do countries impose them? Can you think of any real life examples? What is TPA? What's at stake with these aforementioned agreements? Do you think that trade restrictions will be..
The short-run Phillips curve illustrates ________ relationship between the unemployment rate and the inflation rate.
Elucidate each event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them.
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