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The solution to International trade
1. Suppose we refused to sell goods to any country that reduced or halted its exports to us. Who would benefit and who would lose from such retaliation? Can you suggest alternative ways to ensure import supplies? Are there any particular imported commodities that you or your firm rely on? What has happened to the supply of these imports over the years?
2. Domestic producers often base their claim for import protection in the fact that workers in country X are paid substandard wages. Is this a valid argument for protection? Can you give examples of when it did/did not work? Is there any trade restriction that the US government could impose that would have a negative/positive impact on your organization? Explain.
3. How do efficiency techniques differ in the short- versus long-run when attempting to maximize profits? What specific incentives are used in your workplace to promote efficiency? What conflicts may exist between a firm's desire to maximize profits and its ethical obligations? Can you give an example from your place of work?
Plot the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
What is the profit-maximizing price-output combination and what are the levels of the profits and consumer surplus at that point? What is Dead-weight-loss?
Assume as a professional economist debate about the wisdom of pursuing discretionary fiscal policy.
Discusse the impact that trade restrictions such as tariffs and quota have on the price of imports.
Give at least three explanations of why economic reasoning would argue that this is to be expected.
Describe the effects of monetary policies on the economy's production and employment.
Does the transaction of a buyer also seller directly affect a third party. Is the effect a negative or positive externality.
According to economist, if savings equal $5 trillion and spending equals $100 trillion, what will investment equal?
Ignoring transaction price explain how much would a buyer have to pay for one call option contract.
If a industry wants to raise total sales revenue. What happens to the demand for beer if the price of soda falls.
Use the following data for a firm's output at various levels of employment to calculate: (a) its marginal physical product of labour (MPPL) schedule.
The rates of server for performance monitoring were officially defined for 2008 also represents a reduction
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