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Q. The Metzler Paradox is a special case of the optimum tariff idea. Discuss this assertion. Could the optimum tariff tend to be a high one or a low one in the case where this p
Suppose that industry 1 is monopolistically competitive, with a CES sub-utility function: U(c1,c2 ) = c1? + c?2 , 0 We let the marginal costs be denoted by c1(w,r), and the fixe
how is it the economy during the two wars and till 20 th
What are the two main base of foreign trade ?
difference between differencial treatment in reverse andspecial and differencial treatment
what is the criticism of opportunity cost
review the general equilibrium conditions under autarky and given free trade using the opportunity cost theory of trade
what is leontiff paradox.
Q. Explain how a rise in real income affects aggregate demand. Answer: An increase in domestic real income Y leads to a rise in disposable income Yd. This increases
argument about fair distribution of income and gnp as a measurment of economic growth
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