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Who benefits and who loses from protectionist policesies?
WinnersA. industries that use trade protected goods and inputsB. workers in industries that use trade protected goods as inputs.C. workers in trade protected industriesD. consumers.
LosersA. trade protected industriesB. workers in trade protected industriesC. Industries that use trade protected goods as inputs.
Define what is an economic system- also known as the private enterprise or free market system- based on private ownership, economic freedom, and fair competition.
Express the income from sales of monitors in 2012 as an index, based on the income from sales of monitors in year 2011 = 100.
How would suppliers react if TransCo charged a very high price for providing gas on a last resort basis?
Much has been made of the fact that people don't consistently act with scientific rationality. What is meant by rationality Consider the three "systematic mistakes" discussed in your text. What are the costs of making those "systematic mistakes".
Human service interactions in terms of macro systems-communities and organizations. Empowerment is basically a process to assist people groups, families and communities, individuals, to use their strengths to overcome their challenges.
consider our standard formula for gdp ycigx. additionally note that consumption is given by c aby-t where t -200.2y.
Under contract law in the U.S., certain types of contracts must be in writing to be enforceable in court. What is the legal designation of such a contract in the U.S.? List and define the five types of contracts that must be in writing.
Suppose the CFO of a German corporation with surplus cash flow has 1 million Euros to invest. Suppose that interest rates on 1-year CD deposits in U.S. banks
If the cost of having the book typeset is $9,000, if the marginal cost of printing an extra copy is $4, and if he has no other costs, Calculate total revenue, total cost and profits at these Q* and P*.
1. How were GDP, inflation, and unemployment affected during the 2007-2009 recession, and how does the model show this? 2. What monetary policies and fiscal policies were implemented during the recession?
What is the current macroeconomic situation in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
Using the Keynesian cross model, draw a graph to illustrate and explain what will happen in an economy when planned aggregate expenditures are greater than real GDP (i.e., A.E. > Y). How is equilibrium achieved in this economy?
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