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What assumption is being made regarding demand elasticities in making the charge of arbitrary enhancement of the surplus? Explain.
Calculate (in $/£) the gold export point from the United States to the United Kingdom and the gold import point to the United States from the United Kingdom.
Explain what is meant by pass-through and how Japanese exporters would have been behaving if the allegation in the previous sentence were true.
In addition, the company sold $2 million of idle equipment as scrap. What is the ending balance of Net, Plant, Property, and Equipment?
Unfortunately, many families still cannot buy the bread they need. Explain to government officials why the price ceiling has not increased consumption of bread.
Recently, population has declined, and demand for housing has decreased. What will the decrease in demand do to the efficiency of the price ceiling?
What will happen to the size of the deadweight loss if the price floor encourages new growers to enter the market and produce coffee?
In this situation, the Philippine government might consider subsidizing rice farmers. What are the potential benefits of such a policy? What are the costs?
Suppose the government imposes a price ceiling on gasoline. One month after the price ceiling. Explain why the critics' estimates might still be correct.
The current production target for the 5-year plan of Logo Company is to increase output. At a growth rate of 9 percent, how long does it take a sum to double?
What is the going rate of return on bonds of risk and maturity of Malley Company's bond A? What should you be willing to pay for bond B?
What will your monthly mortgage payments be (assuming that they are paid at the end of each month)?
If you have an account that compounds interest continuously and has an effective annual interest yield of 6.18 percent, what is the stated annual interest rate?
What would the Linder theory suggest about the prospects of developing countries in exporting goods to developed countries?
Ignoring the mathematics, explain the operation of the Krugman model in economic terms, and indicate the principal lessons of it.
How might this phenomenon affect the product cycle and new product research and development in the United States?
How might these moves in product location fit the product cycle theory? Could HeckscherOhlin also be of value in explaining these developments?
In a small country, why does growth in only one factor lead to either an ultra-protrade or an ultra-antitrade production effect?
Why growth based only on growing labor force can on average leave people less well-off. Would your answer be different if there were increasing return to scale?
Explain how the production-possibilities frontier of the unified Germany might differ from the PPF of the former Federal Republic of Germany.
What type of production effect would occur at constant world prices (with the country being assumed to be an exporter of manufactured goods)?
Describe the current net direct investment position of the United States. In which countries is U.S. investment the greatest? In which industries?
What happens to output and the relative sizes of capital stock if controls over foreign ownership keep the marginal productivity of capital from equalizing.
Why might voters have a very different economic perspective on the immigration of skilled labor. What should the role of Congress be in this dispute?
From the standpoint of tariff elimination alone, how might NAFTA reduce the amount of U.S. investment in Mexico?