Homework Answers
Deregulation is said to happen when the government reduces or eliminates the power for a particular industry
Say for example the pharma industry.
It is generally done to create more competition in that market .
For the business it is less restricted so that there is more number of firms ,prices , firm charges and quantity of product produced.
It has nothing to do with trade and tariff
so the only option true is option d
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Deregulation is characterized as O the addition of tariffs on products imported from developed countries. O...
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1. If both China and Nigeria set a tariff of 10% per unit of soybeans imported...
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0.25 points9) Refer to the above table which shows the alternative outputs which can be produced...
0.25 points9) Refer to the above table which shows the
alternative outputs which can be produced in 2 different countries
with 1 year of labor. It can be concluded that Sweden has a(n)
A.) absolute advantage in both goods and a comparative advantage
only in autos.
B.) absolute advantage in both goods and a comparative advantage
only in computers.
C.) absolute advantage in both goods and a comparative advantage
in both goods.
D.) absolute advantage in both goods and a...
Please help with these questions Question 17 0.4 pts The point of the 1890 Sherman Act...
Please help with these questions
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Please provide a detailed response so that I may be able to understand how you came...
Please provide a detailed response so that I may be able to
understand how you came to your answer. Thank you!!!
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A government might choose to implement a price floor to O A. keep specific prices up....
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please answer those two questions Questions 1. Do you think the efforts of Brazil's government to...
please answer those two questions
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0.25 points9) Refer to the above table which shows the
alternative outputs which can be produced in 2 different countries
with 1 year of labor. It can be concluded that Sweden has a(n)
A.) absolute advantage in both goods and a comparative advantage
only in autos.
B.) absolute advantage in both goods and a comparative advantage
only in computers.
C.) absolute advantage in both goods and a comparative advantage
in both goods.
D.) absolute advantage in both goods and a...
Please help with these questions
Question 17 0.4 pts The point of the 1890 Sherman Act was to O establish patents and copyrights as ways to protect creative activity O make rent seeking through lobbying of public officials illegal. O nationalize industries where economies of scale were especially important. O prevent monopoly practices and promote commercial competition. forbid states from imposing import tariffs on other states. Question 18 0.4 pts With monopolistic competition, firms have demand curves that are the...
Question 47 1 pts Government policies, in addition to patent protection that can spur innovation, include O government regulations that require innovative products. O reduction of negative externalities. O tax breaks for companies that invest in research and development. Question 49 1 pts Which of the following statements about public goods is true? Public goods tend to be difficult for private firms to produce profitably because they are very expensive. Public goods are government produced because it is the government...
Please provide a detailed response so that I may be able to
understand how you came to your answer. Thank you!!!
freely trading Problem 2. (Monopolistic competition) [week 5]. Consider two countries that are in differentiated products. Each producer in the industry is subject to increasing returns to scale, derived from fixed costs of production. In particular, the cost function of a firm in the industry is linear with respect to output, with fixed costs of 100 and variable costs...
A government might choose to implement a price floor to O A. keep specific prices up. O B. satisfy notions of equity. O c. give into powerful political groups. OD. All of the above have served as motivations. Demand and Supply Schedules for Chocolate Bars Price Quantity Demanded Quantity Supplied ($) (thousands per week) (thousands per week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200...
CASE 12.2 The Price of Life In a surprising announcement, the world's second largest pharmaceutical company, GlaxoSmithKline (GSK), announced that it would slash prices on the pharmaceuticals it sold in the world's poorest countries. The company challenged other pharmaceutical firms to do the same. Specifically, GSK declared that it would cut prices for all drugs in the 50 least developed countries to a level no higher than 25 percent of the price charged in the United States. The company also...
please answer those two questions
Questions 1. Do you think the efforts of Brazil's government to keep the economy growing will be successful? Why or why not? 2. What downsides might Brazil experience by implementing quotas, tariffs, and measures to devalue its currency? Video Case Keeping Brazil's Economy Hot It's been hot in Brazil. No, we're not talking about the country's temperature: We're talking about its economy, which has been growing at a heated pace. In 2010, the country's GDP...
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