Discuss whether a government should always pursue a policy of free trade

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A: The answer is as follows:-

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Q: 1.Quantity 2. Pnce 3. TR 4. Cost per unit 5 TC

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Q: 4. "Economists use price elasticity of demand to measure demand sensitivity as a result of price…

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Q: Explain what would happen to AS or AD (choose AS or AD according to the case) in an economy in the…

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Q: 5. An economy has two industries: services and manufacturing. To produce $1 of services requires 20c…

A: Let service be denoted as S and manufacturing as 'M' Given ,  1$ of S requires = 0.2$ of S + 0.4 M…

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Q: For each price in the following table, use the graph to determine the number of shirts this firm…

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Q: ne equations defining a model of two trading nations are given by Y, = C, + I + X, - M Y; = C, + I +…

A: *Answer:  Introduction This system can be written in matrix form as = ⎡⎣Y1C1M1Y2C2M2⎤⎦ = ⎡⎣C1 + I1∗…

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Q: Have any countries successfully enforced compulsorypopulation control methods?

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Q: Consider production function f(L, K) = 10VLK and input prices w = 10,r = 90.

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Q: Cash: $129.25 billion Checking deposits: $207.4 billion Saving accounts: $273.5 billion Small…

A: Monetary Base is the sum of currency held by the public and reserve held by banks.

Q: Economic sanctions are designed to Presure the government of the aggressor country to negotitate a…

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Q: What steps should be taken by the government to support the SMEs?

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Q: Let X1 and X2 be independent, identically distributed random variables from a population with a mean…

A: (1) W is a different estimator of μ W = 12X1 + 13X2 + 16X3 E(W) = E12X1 + 13X2 + 16X3 =E12X1 +E13X2…

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Q: An open economy interacts with the rest of the world through its involvement in world markets for…

A: As a buying manager, you now pay $1,500,000 for tea shipment.

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Q: Refer to Table 1-1  Assume that Derryland and Whetonia each has 40 labor hours available and that…

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Q: Distinguish between absolute and comparative advantage.

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Q: Q7: What is the value of a perpetuity of P100 per year if the discount rate is 5%, 7%, 11%? Answer:…

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Q: In question 24, Derryland will have 29 units of cheese and 3.5 units of bread after trading with…

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Q: Question 15 Prime interest rate refers to the lowest rate charged by bank to their most important…

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Q: Salina advertises her production of home workout supplies.  Initially an exercise floor pad is sold…

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Q: 4) The demand for labor by an industry is given by the curve L = 1200 – 10w, where L is the labor…

A: 4) The curve L = 1200 - 10w represents an industry's labor demand, where L represents the amount of…

Q: Let's assume that in our economy money supply is $15 billion, Velocity (V) is 5, and Output (Y) is…

A: [a.] The velocity of money:- P*Y = V*M P*$70 billion = 5*$15 billion P = 1.0714 Thus, the price…

Q: Fill in the blank using the number that corresponds to the correct word or phrase:

A: Gross Domestic Product (GDP) is defined as the value of all final goods and services produced in an…

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A: MRTS MRTS which is also known as Marginal rate of technological substitution is an economic…

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Q: annual revenue is OA. 59,878 в. O B. 51,324 O C. 25,662 OD. 42,770

A: Given the fixed cost = $189000 Total revenue = $473000 Variable cost = 473000 x 51% = 241230

Q: Marginal benefit is the benefit that your activity provides to someone else. True False

A: Total benefit is defined as the total amount of benefit received by the consumer from all the…

Q: In the long term, what inpact will elite units have in thewat agaijst international terrorism ?

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Q: Suppose, z is given as 2, s is 0.14, depreciation rate is 0.06, and growth rate of labour is 0.08.…

A: Steady state is reached where capital per worker is constant, that is where investment is equal to…