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When the United States placed a tariff on steel imports in 2002, foreign producers naturally complained, but there were also complaints from U.S. firms operating in other industries. Why would other
Some properties are "sold prior to auction", that is, the vendor accepts an offer before the auction is actually run. Investigate and write a summary on how this process works. In particular, is the
In 2009, the US Postal Service increased first-class postage rates from 42 cents to 44 cents. The service had been losing money. One of the reasons is increased competition from companies such as Un
In the 1990 and the first decade of the 2000s investors from the Asian economies of Japan and China made significant direct and portfolio investments in the US. At the time, many Americans were unha
Based on the arguments, do the incentives of U.S. senators (who serve six years terms) differ from those of the members of the House of Representives (who serve two-year terms) when it comes to eng
Wolverine and Spartan both have populations of 40,000, the same level of human capital and the same natural resources. Both have the same production function with constant returns to scale and dimin
The United States is a debtor nation, just like the poorest states in Africa, Latin America, and Asia. For most of the past 30 years the United States has been piling up large trade deficits. The cu
The U.S. has long been suffered from trade deficits (especially with China). Explain the effect of trade deficits on economic growth in the U.S. What are the options to deal with China on trade defi
A survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now restoring to electronic media, such as the Internet and the telephon
U.S. Nominal GDP for the year 2010 was $14,658 billion, whereas in 2000 it was $9,951 billion. The GDP deflator for 2000 (2010) was 88 (111) using 2005 as a base year. Using the compound growth form
a. Explain why this might be so. Classify basic research in one of the categories; private goods, natural monopolies, common resources, public goods. b. What sort of policy has the United States ado
There are two countries in the world: Canada and Japan. There are two goods - steel and bread. Canada has 100 workers at its disposal and if it allocates all its labour to steel production it can pr
In the 1960s American investors made a significant direct and portfolio investments in Canada. At the time, many Canadians were unhappy that this investment was occuring.
Suppose that a certain manufacturer has a monopoly on the sorority and fraternity ring business (a constant-cost industry) because it has persuaded the "Greeks" to give it exclusive rights to their
The British government has issued inflation-indexed bonds for many years. (a)Explain briefly how you can form expectations about inflation using the rates on the non-indexed and the inflation-indexe
Looking back to the book, it discusses the Japanese government and their government cutting taxes. Do you believe the Japanese were right or wrong to use Fiscal Policy in that manner Why or why not
Between 2003 and 2004, U.S. employment increased by 1.5 million workers, yet the number of unemployed workers fell by only 0.6 million. Can these numbers be consistent with each other
Alex doesn't care about where he lives, but he does care about what he eats. Alex spends all his money on restaurant meals at either American (x_a) or French restaurants (x_f).
You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia. A recent report indicates that nearly 50 Americans contract HIV e
Brazilian Ethanol Producers (who make ethanol from sugarcane) have lower production costs than U.S. producers. Indeed, even though it costs 16 cents per gallon to transport ethanol from Brazil to th
Productivity is found by dividing the country's gross domestic product by the number of people employed. Only part of the US productivity growth, can be explained by the longer hours Americans are p
Realizing that the major function of profit is to allocate resources according to consumer preferences, why are some groups in the U. S. extremely critical of corporations that earn growing profits
From 1991 through 2001, Japan experienced a period of economic stagnation and price deflation known as "Japan's Lost Decade." While the Japanese economy outgrew this period, it did so at a pace that
The US cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Under the proposed settlement, cigarette companies will make fixed annual paymen
illustrate the U.S. wholesale market for roses. Show on the graph the equilibrium in that market with no international trand and the equilibrium with free trade. Mark on the graph the quantity of r