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the data shows price of gasoline of all gas station in a small city. Test the null hypothesis that t… Show more the data shows price of gasoline of all gas station in a small city. Test the null hypothesis that the price of gasoline is equal to 236 cents per gallon. • Show less

1. Using the characteristics of the monopoly structure to help you, discuss the arguments for and ag

1) An import quota levied by the d… Show more Which results in a greater welfare loss for the domestic economy. 1) An import quota levied by the domestic government OR 2) A voluntary export quota by the foreign government • Show less

as tariff… Show more Explain why a subsidy may provide import-competing producers the same degree of protection as tariffs or quotas but at a lower cost in terms of national welfare. • Show less

suppose the market of chocolates is unregulated. that is, chocolate prices go are free to adjust bas… Show more suppose the market of chocolates is unregulated. that is, chocolate prices go are free to adjust based on the forces of supply and demand. if an excess demand exists in the choclate market, then the current price must be _____ (higher/lower) than the equilibrium price and you would expect _____ (1. buyers to offer higher prices/ 2. sellers offer lower prices/ 3.persistent excesss demand). • Show less

Suppose that some foreign countries begin to subsidize investment by instituting an investment tax c… Show more Suppose that some foreign countries begin to subsidize investment by instituting an investment tax credit. (a) What happens to the investment in our small open economy? (b) What happens to our trade balance? (c) What happens to our real exchange rate? • Show less

Consider a case of small open economy. In this economy, there is an IT revolution, and as a result t… Show more Consider a case of small open economy. In this economy, there is an IT revolution, and as a result the productivity of the economy has gone up. What will be the e§ect of this productivity increase on interest rate and net export in this economy? Use the model to explain you answer. (a) What will be the long-run impact of an increase in budget defcit in a closed and in a small open economy? (b) What will be the long-run impact of an increase in budget defcit in a large open economy like the U.S.? (c) Explain the impact of an exogenous increase in world savings on large economy’s investment, interest rate, exchange rate, and trade defcit?. (d) Do you agree with the “Savings Glut” hypothesis that argue that the low interest rate in the U.S. between 2000-2007 was caused by excess savings in the developing countries? • Show less

a) Find the lowest price that makes Q… Show more Suppose the (inverse) demand for a product is Q = −P 1⁄2 + 10. a) Find the lowest price that makes Q = 0 (i.e., the “choke price”). b) Write the expression for the demand curve, i.e., P = f(Q). What kind of expression is this? c) Find the quantity that makes P = 0. • Show less

Name 8 (eight) elements an e-commerce website must have to be succesful in today’s econocmy. i.e. (c… Show more Name 8 (eight) elements an e-commerce website must have to be succesful in today’s econocmy. i.e. (creating a webdesign) • Show less