Question
A country Kaishala imposes a 10% tariff on imported
vehicles but no tariff on imports of machinery or other inputs to the manufacture of vehicles. Suppose that under free trade, the cost of imported material is $8000 for a $10000 vehicle. Calculate the effective rate of protection.Solution
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sit...
Which of the following statements is true?
Which of the following is an INCORRECT match in the context of economics?
(i) Study of an individual firm an industry - macro economics
<...The marginal cost curve is__________.
Suppose we regress the dependent variable y on four independent variables x1, x2, x3, and x4. After running the regression on n = 16 observations, we ha...
Which of the following statements is FALSE?
Which of the following statements is true for a mixed economy?
Which of the following statement is the objective(s) of setting up of Regional rural banks?
(i) development of agriculture, trade and other pr...
Suppose we regress the dependent variableĀ yĀ on four independent variablesĀ x1,Ā x2,Ā x3, andĀ x4. After running the regression onĀ nĀ = 16 observatio...
Which of the following leads to an outward shift in the supply curve
