Suppose, in a small country, that under free trade a final good F has a price of $1,000, that the prices of the only two inputs to good F, goods A and B, are PA = $300 and PB = $500, and that 1
unit each of A and B is used in producing 1 unit of good F. Suppose also that an ad valorem tariff
of 20 percent is placed on good F, while imported goods A and B face ad-valorem tariffs of 20
percent and 30 percent, respectively. Calculate the ERP for the domestic industry producing good
F, and interpret the meaning of this calculated ERP (effective rate of protection).

Why did friedrich hayek call expansionary spending dangerous? o he felt it could lower the money supply and cause deflation. o he felt it could lead to inflation and poor decisions by consumers. o he felt it could lead to deflation and poor decisions by consumers. o he felt it could lower available credit and cause a drop in prices.

What is meant by a symmetrical unimodal distribution? a. a distribution is the frequency at which a certain value of a variable is obtained during a study. a symmetric unimodal distribution is a distribution where there is one value with a larger frequency than any other and the pattern of frequencies on the left and right of this larger frequency are mirror images of each other. b. a distribution is a pattern of frequencies for the various values of a variable collected in a study. a symmetric unimodal distribution is a distribution where there is one value with a larger frequency than any other and the pattern of frequencies on the left and right of this larger frequency are mirror images of each other. c. a distribution is the frequency at which a certain value of a variable is obtained during a study. a symmetric unimodal distribution is a distribution where there is a uniform frequency, meaning the frequency of every value is same, and the pattern of frequencies on the left and right of this larger frequency are mirror images of each other.

The document shows a personal allowances worksheet. this document is part of a