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Q. President of United States argues that government should impose a tariff on ball bearings because y are necessary to make various weapons and free trade would make United States overly dependent on foreign countries for supply of ball bearings. In case of a war, United States might not be able to make enough of m and therefore would not be able to make enough weapons to defend itself.
Which of following arguments is president using to justify trade restriction on ball bearings?
When do assumptions made in conjunction with economic theorizing have to be realistic. Can unrealistic assumptions provide useful outcomes.
Explain basic idea behind Big Push model. How can O-ring theory help explain existence of a low-level equilibrium that an economy may find itself.
A New York Times editorialist recently advocated a cut in the payroll tax.
Determine whether the Justice Department would challenge a merger between two firms in an industry with 10 equal-sized firms.
A country that has never had its own currency has formed a central bank and put you in charge of developing money.
Solve for market equilibrium price and quantity. Illustrate your answer with a diagram of market. What are dollar values of consumer and producer surplus.
Some of the production of an economy creates pollution illustrated by the move.
One could argue that a long commute to work is an undesirable characteristic of any job. If most people live in the suburbs.
Store maximizes profits and the price elasticity of demand for milk is -2 for coupon users, what is the price elasticity of demand for non-users.
positive levels of output and are zero if the monopolist shuts down. If current output level is 5, illustrate what should the monopolist do to increase profits.
Derive an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies. Elucidate what production level are scale economies exhausted.
Illustrate what were some of the marginal benefits that the city would derive as the result of keeping this project alive.
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