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What type of immigration should it encourage? Why might some developing countries feel that they would be harmed by this Canadian immigration policy?
What groups in Europe benefit from the rising immigration of Africans and Asians? What groups are harmed?
What countries would you expect to support the US position on intellectual property within the WTO? Why?
Why did the Uruguay Round almost fail in late 1990? Why was the United States so forceful on the subject of EU agricultural subsidies?
What is the most-favored-nation clause? How exactly does it work, and why is it used in tariff agreements? How is it related to the concept of reciprocity?
How is the objective of nondiscrimination achieved in GATT tariff agreements? What are the two major exceptions that have been formally agreed on by GATT?
Why is the proposed entry of Chile likely to be far less controversial? What if Brazilian membership were proposed?
What happens to the trade creation and diversion effects of the EEC as more members, such as Poland and Hungary, are added?
Find the free market equilibrium and illustrate it geometrically. Calculate the efficient (i.e. socially optimal) level of production.
Do you slow down other people by driving? Is this an externality, given that you yourself are suffering from slow traffic?
How would you represent this intervention in a supply and demand for tobacco diagram? Did this intervention correct the existing market demand?
Illustrate the market geometrically. Calculate the equilibrium amount of labour supplied, and the supplier surplus.
What do you note about the relative magnitudes of the DWL and tax revenue estimates here, relative to the previous question?
Illustrate the market geometrically, and compute the equilibrium quantity. Calculate the tax revenue generated, and also the deadweight loss.
Draw the implied supply and demand curves as step functions. Compute the maximum possible sum for the consumer and supplier surpluses.
The supply of Henry's hamburgers is given by P = 2+0.5Q; demand is given by Q = 20. Illustrate and compute the market equilibrium.
Solve again for the price that the consumer pays, the price that the supplier receives and the tax revenue generated.
Draw the supply and demand curves to scale and compute the equilibrium price and quantity in this market.
The demand for bags of candy is given by P = 48-0.2Q, and the supply by P = Q. Illustrate the resulting market equilibrium in a diagram.
Draw each of these supply curves to scale, and check that, at P = $18, the quantity supplied in each case is the same.
You are responsible for running the Speedy Bus Company and have information about the elasticity. Would your price decision have any impact on train ridership?
What will be the percentage reduction in power demanded in the short run? What will be the percentage reduction in power demanded in the long run?
Plot the supply and demand curves to scale, and estimate the equilibrium price.
How many shirts can be produced in this economy when all the workers are sewing? Join these points with a straight line; this is the PPF.