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Illustrate what are some of the positive externalities of education. Why would not the higher salary received by educated workers be considered a positive externality, whereas the additional tax r
Elucidate what is the share of Household A's income spent on education. Illustrate what is the share of Household B's income spent on education.
Discuss how the TGR system would function. Explain why is the TGR system superior to the government imposing gas standards or gas taxes.
Elucidate what should the monopolist do.
The industry's objective is to meet all estimated demand at the least possible manufacturing price. Use the transportation model to find the best production schedule.
Find out an article related to health economics from a health journal. Similar possible sources comprise Health Affairs, Journal of Health Economics, Journal of Economic Perspectives, Journal of Eco
Describe and define the difference among absolute advantage also comparative advantage. Illustrate what is the significance of each in international trade processes.
Assume that from an initial customer equilibrium position, the price of good X falls while the price of good Y remains the similar.
Elucidate how producers would respond, utilizing the isocost-isoquant framework. What would happen to the capital-labour ratio.
In light of the Ricardian model, expalin how might you evaluate the claim by developing nation countries that they are at a disadvantage in trade with powerful industrialized nations.
A brief elucidate explanation of import tariff, export quota, effective rate of protection and ad valorem tariff.
Discuss in detail about how the concept of demand reversal affects the implications predictions of Heckscher-Ohlin model.
Describe briefly the Linder theory. Illustrate what would this theory suggest about the prospects developing countries have for exporting goods to developed nations.
Elucidate how the Krugman model of trade works. Explain the similarities and differences between the Krugman model and Heckscher-Ohlin model.
Utilizing a general equilibrium approach, point out the real income loss from a tariff to a nation. What is the consumer welfare loss.
If you need to assess the competitiveness of a nation, would you focus on its spot exchange rate, its real exchange rate, its effective exchange rate, or some other measure of the company's currency
Effect of rise in income and devaluation of domestic currency on domestic output.
Graphically describe whether or not the degree of capital mobility will affect monetary policy under flexible exchange rates.
Illustrate what happens to domestic income in the AS-AD model when the price of a critical, imported, intermediate input suddenly falls.
Utilizing the subsiquent macroeconomic relations for the economy of Luv-U-Mania and answer the questions given below. Luv-U-Mania is a small open economy with floating exchange rates.
Utilizing the given data below, make an investment demand curve like we did in class and determine the total amount of investment spending that would be undertaken given an interest rate.
If the industry charge the same price, they share the demand so that each face a demand curve.
Answer in true or false also if the statement is false, change it to make it true. Elucidate your answers on a demand and supply graph.
Elucidate the following statement: "The demand for U.S. oranges has rise just because the quality of U.S. oranges demanded in Japan has risen."
Explain why does the fact of uncertainty in economic conditions lead Keynes to the claim that investment is the key economic variable.