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Trade barriers come in a lot of forms. Quota is one. This is when a country sets a limit to the imported products. This is completed for a number of reasons. One is due to the government of the importing country wants to protect the local manufacturers.
In this way, trade barriers can affect the international trade due to it does not promote free trade. When countries trade with every other they do not want to have trade barriers due to it can result in an unfair trade where country A may export goods to country B but country B cannot do vice versa because country A sets up trade barriers such that it makes it very complex for country B to export.
Explain the purposes economists disagree and using models of economics. Using Models of Economics: a. Positive economics b. Normative economics A forecast is an easy p
Why is it important for policymakers to consider both the direct and indirect effects of public policies?
Interest rate determination The real interest rate r will be equal to the equilibrium real interest rate In the classical model we define equil
Consider following 5,000 value securities. Bond Coupon Rate Selling price coupon payment yield to maturity% 6% $5000 6% $5500 10% $5000 12% $4500 A. Are those securities abov
Suppose the price elasticity of demand for used cars is estimated to be 3 what does this mean?
If a firm wants to sell goods more often, would they prefer to produce a high quality good that will not wear out or one that will wear out faster. For example, what is the 'life e
constructing a opportunity set and budget line for $15 lottery ticket and intending on buying a candy bar for $0.75 and peanut bag for $1.50
Suppose the country club bills based on a sample of 4 members are: 358, 958, 665, 846. What is the standard deviation for this sample of bills? (please round your answer to 1 decim
The prices of fresh fruits have risen recently in the Jackson area. Why would this have occurred? Explain.
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
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