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"The potentially valid arguments for tariff protection-military self-sufficiency, infant industry protection, and diversification for stability-are also the most easily abused." Why are these arguments susceptible to abuse?
Microeconomics, Economics
What factors are used to measure productivity? Has the annual average productivity in the U.S. went up or down over the last 30 years? In your opinion what caused this to happen?
Question: 1) Why is it better to measure economic growth via real GDP per capital than real GDP? 2) Do some internet research and find out the growth rate of real GDP per capita for last year. How does it compare to our ...
Question: Monty Hall (the host of Lees Make a Deal) has presented Fred with the choice of three doors. Behind two of the doors are "booby prizes." A new car is behind the other door. Fred selects a door (#1, for example) ...
Question: Consider the one-period following model Utility function: u(c,m)=ln(c) + 2ln(m) Budget constraint: c + m = y A. Set up the Lagrangian with a Lagrange multiplier ? . B. Find the first-order conditions with respe ...
Question: A newscaster interviewed a senator about a proposed fence along the Mexican border. He said not to build it because some illegal entrants would still manage to climb it or cut through it. Assume for now that th ...
Question: Consider two goods, widgets and gzots, which can be taxed to generate government revenue. The demand elasticity of widgets is 0.5 and of gzots is 1.2. For each good the supply elasticity is infinite (horizontal ...
Question: What works for kids to get rid of worries and anxiety while playing sports? How might one's feelings about one's self influence this? The response must be typed, single spaced, must be in times new roman font ( ...
Question: Using the midpoint method, find the cross-price elasticity of demand for FedEx and UPS overnight shipping if the price of FedEx increased from $65 to $75 and the quantity demanded of UPS went up from 1.2 millio ...
Question: Describe the three forms of price discrimination and give examples of where each kind is applied. What would prevent a firm attempting to price discriminate from being successful? Would oligopolies or monopolis ...
Quesiton: In the spring of 2003, two professors from a couple of New York universities were allowed examine the filings of those companies that had complied with the filing requirement. They wanted to know which and how ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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