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Suppose that the supply curve for gold is very steep (positively sloped, but almost vertical). Explain in terms of the underlying economic meaning.
GE Marine Systems is planning to supply a Japanese shipbuilder with aero-derivative gasturbines to power 11 DD-class. What is theequivalent amount now?
Explain how a tariff reduction causes an increase in the equilibrium quantity of imports and a decrease in the equilibrium price.
Explain how a subsidy on agricultural goods like sugar adversely affects the income of foreign producers of imported sugar.
Why Do the jobs for workers in low-income countries that involve making products for export to high-income countries typically pay these workers more or less?
How does the cost of saving jobs in protected industries compare to the workers’ wages and salaries?
Why do low-income countries like Brazil, Egypt, or Vietnam have lower environmental standards than high income countries like the Germany, Japan, or the US?
Show the impact of a tariff. Is the effect on the price of toys the same or different? Why is a standards policy preferred to tariffs?
Why would countries promote protectionist laws, while also negotiate for freer trade internationally?
What might account for the dramatic increase in international trade over the past 50 years?
Does international trade, taken as a whole, increase the total number of jobs, decrease the total number of jobs, or leave the total number of jobs about same?
What are main reasons for protecting infant industries? Why is it difficult to stop protecting them?
What is the national interest argument for protectionism with regard to certain products?
If opening up to free trade benefit a nation, then why do nations not just eliminate their trade barriers, and not bother with international trade negotiations?
Show graphically that for any tariff, there is an equivalent quota that would give the same result. What the difference between the two types of trade barriers?
What is interesting is that the price rises by less than the amount of the tariff. Who pays the rest of the tariff amount? Can you show this graphically?
If trade barriers hurt the average worker in an economy (due to lower wages), why does government create trade barriers?
Why do you think labor standards and working conditions are lower in the low-income countries of the world than in countries like the United States?
Draw a graph showing how technological change could influence intra-industry trade.
What is an example of the impact of economic concepts in the u.s constitution on contemporary economic issues and policies?
Which is true about the probability values (i.e P>|t| column) from a Stata printout (in regards to the estimated coefficients):
Economic Principles 1 paragraph identifying the economic principles involved in the article.
Applying micro-costing methods to estimate the costs of pharmacy interventions:
What is the difference between an economy of scale and an economy of scope?
Please write an essay explaining why protectionism is typically not good for the US economy.