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Explain how a tax or an increase of an already existing tax on the good the firm produces would affect the price and quantity sold of the product.
Discuss the limitations of the U.S. "supply side" policy in the war on drugs. Can we win the war on drugs? explain your position on legalization.
Examine the effects of a change in the money supply in an open economy under a flexible exchange rate system.
1. graph each country's production possibilites curve. 2. On the graph for Mali, a. show a production point not attainable at this time
As a result, the countries of the European union banned the import of British beef. The result was higher beef prices in Continental Europe.
Show how an increase in personal and federal income taxes ultimately affects the Bank of Canada's balance sheet.
Consider a firm operating in a perfectly competitive markt. Let the market determined price of output be $10 per unit.
If I started with one equilibrium p* and went to another p* that had a higher price for X1, could the second p* be an equilibrium using a Slutsky decomposition
Find the equilibrium market price and quantity for broccoli, and plot the demand and supply curves on a graph.
Suppose the government proposes to cut taxes while maintaining the current level of government expenditures.
Waning boost from tax cuts could all weigh on the expansion and create more opportunities for the Fed to pause.
(a) Why was the AS/AD model developed, and what limitations of the S/D model did it overcome?
Explain how the Bank of Canada can influence interest rates and the money supply in Canada.
Explain why the Fed must normally add reserves to the banking system via open market operations on most days in order to maintain its interest rate
a. What will happen to money demand over time? b. If the Fed leaves the money supply unchanged, what will happen to the interest rate over time?
If the public's demand for US currency increased by $100 Million what action in the "open market" would the Fed have to take to prevent bank reserves
Assuming that American imports of wine are a small part of total world wine production, draw a graph for the U.S. market for wine under free trade.
What long run adjustments would you expect following the change in demand? What does your adjustment process imply about the CR for the industry?
Find the net demand curve-facing firm A. Determine A’s optimal price and output. How much output do the other firms supply in total?
If the elasticity of demand for long-distance calls is 1.5 and the price of long- distance calls falls by 20 percent as a result of increased competition
Why do we have such extreme diversity in pay in the US---sport stars, actors, others making very high salaries while others make much less?
How do markets determine the payments to the various factors of production and determine the distribution of income? Explain.
Question: Industry structure is often measured by computing the Four-Firm Concentration Ratio.
Explain why the industry is in long run competition equilibrium
Does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns?