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When is international trade an opportunity for workers? When is it a threat to workers?
How did Adam Smith's views on international trade differ from those of the mercantilists?
What is meant by the term industrial policy? How do governments attempt to create comparative advantage in sunrise sectors of the economy? What are some of the problems encountered when attempting to implement industrial policy?
In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed under the free market solution.
Consider an economy in which production characterized by the neoclassical function Y=K^.5N^.5. Suppose, again, that it has a saving rate of .1, a population growth rate of .02 and a average depreciation rate of .03. Determine what saving rate would y..
Discuss an increase in the personal income tax will slow the growth rate of the economy.
q.alices utility is given by x as well as y are goods as well as l is the amount of hours that alice works. alice can
If a bank has $100 million in deposits and $16 million in reserves with a reserve requirement of 0.15,
Social life can be interpreted from one of three major theoretical frameworks. Describe the major points of each framework. List at least one sociologist who has been identified with each framework.
Ahmed Mustafa just turned 22 and wants to have $10,283 saved in 8 years by his 30th birthday. Assuming no additional deposits, if he currently has $6,000 in an intermediate-term bond fund earning 5%, how much will Ahmed have on his 30th birthday? Rou..
Identify the various taxes governments utilize to fund the public sector and the impact of those taxes on both the producer and the consumer
Why are older people considered an at risk population? What are the potential hazards manifested in later adulthood? Describe local programs in your area which address the needs for the elderly.
If a competitor increases its price what is the likely impact? Please support your argument using the economic principles you have been reviewing. Quick Profit sells box juice for $7.50 and has an demand function of: Q = 300 - 20P. At the present pri..
Consider a market with two firms, each with constant marginal cost of $100 and facing a market demand curve of P=1000 - Q where W is total output of the two firms. Suppose they choose simultaneously, what is the Cournot Nash Equilibrium for this situ..
Minimum Wages: In lecture we set down rough numbers for California’s forthcoming ongoing choice to raise the minimum wage to $15/hour in 2023—to a level that represents an increase from a level in 2014 that, relative to productivity and given current..
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