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Which of the following statements BEST describes the Metzler paradox? a. Tariffs improve the imposing nation's terms of trade. b. Export subsidies hinder the imposing nation's terms of trade. c. The paradox can happen even when trade terms are not abnormally extreme. d. The paradox claims that trade restrictions may perversely increase domestic prices. Please give a brief explanation (1-2 sentences). You will be rated tomorrow. Thank you
The entire market is capture by a single firm which can produce at a constant average and marginal cost of AC = MC = 10. The firm faces a market demand curve given by Q = 60 ? P.
briefly explain any five uses of national income statistics
what is Y = C(Y,T) + G + I(r)
Index number formulas
"Consumption" is an old name for tuberculosis (TB) that explains how the illness wastes away or consumes its victims. TB is "an ancient enemy" that has plagued human kind for more
explain any two factors that cause the shifts in the balance of payments curve.
Financial and Real Investment Financial investment simply means transfer of right from one party to another. While one party has made investment, the other has made disinvestme
The IS-curve in the AS-AD model The IS-curve is not affected by P in the AS-AD model We can define an IS-curve in the AS-AD model similarly to
In the short run, the discrepancy between actual and expected price level causes changes in output and employment. But in the long run, if all other things remain constant, the hig
Different approaches to measure aggregate output
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