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In ancient Egypt, the Bronze Law set maximum prices for wages, preventing them from rising above what rulers perceived as the minimum needed to survive. If this was $0.10 a day for a porter (someone who carries things short distances) and the market wage was $0.08 a day, which would be a plausible consequence of this law?

Which of the following statements is true regarding arguments for protectionism? ​ I. National security is often cited as a reason to impose trade barriers II. Tariffs are considered an efficient method of increasing economic welfare III. Restricting imports from certain countries is an effective way to reduce the use of child labor in those countries.

Turtleducks are a popular pet in the Fire Nation. However, there are only a small number of turtleduck farmers in the Fire Nation as they are much easier to raise in the Earth Kingdom. If the small number of turtleduck farmers work together and convince the Fire Lord to implement a quota on the number of turtleducks imported, which of the following are possible outcomes? I. The price of turtleducks will increase II. Imports will increase III. Domestic producer surplus increases IV. There will be some deadweight loss

Figure: Foreign Trade with a Tariff The imposition of a $1 tariff would generate a value of lost gains from trade of ____ and a value of wasted resources of ____.

Jimmy enters into a futures contract with Sheen, where he agrees to buy 2,000 collectible UltraLord figurines at $2.00 per figurine in 3 years. If the price of a figurine is actually $2.50 after 3 years, how much does each make or lose?

The Coase theorem posits that governments need not intervene to solve externality problems:

What is the likely effect of a tariff on imported goods?

Bayes’ Net Figure below (or with main Assignment page, pdf file), with propositional variables B (burglary), E (Earthquake), A (alarm), J (Johncalls), and M (Marycalls). Upper-/Lower-case rule for variable/value applies. Use ~ for Not, and ^ for And. What is P(j ^ m ^ a ^ ~b ^ ~e)  

Given a stack myData: 34, 56, 78, 12, 66 (top is 34) what is the output after the following operations? Push(myData 43) Pop(myData) Pop(myData) print(Peek(myData)) Pop(myData) print(Peek(myData))

You are a supply chain analyst working the following inventory data.  How could the data be classified?