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Assignment
Instructions:
1. Carefully explain why a typical demand curve slopes downwards.
2. Distinguish between normal and inferior goods.
3. What are the main underlying determinants of demand for the following:
i. Cars ii. Cloths iii. Healthcare
An rise in the Federal minimum wage to $7.25 per hour from $5.15 a hour, suppose that the $7.25 is an effective price floor and that all other things remain steady,
Why should a firm choose a global strategy rather than a multidomestic strategy? 2. How might a country's regulatory environment impact a firm's international strategy? 3. How do the international strategies affect the trade-offs managers must make ..
The report will also analyze the key reasons why the country has performed the way it has over the past two and half decades. This should include reference to the economic theories that are covered in the course.
If the EU and the United States continue to trade, what do you think will characterize the goods that the EU exports to the United States and the goods that the United States exports to the EU?
Prepare a short research paper on one of the topics as Trade Policy and exchange Rate Policy
From the same problem, suppose monetary expansion in the US caused all prices in the US to increase by 50%, so the turkey would be 45 US dollars, then what would happen to the exchange rate.
In one day, Canada can manufacture either 200 tonnes of wheat or ninety tonnes of copper ingots. In one day, Chile can manufacture either 120 tonnes of wheat or 175 tonnes of copper ingots.
China and Japan have two factors of production, land and labor. Both countries produce two goods: corn, which requires more land and computers, which requries more labor. Given that China is abundant in land and Japan is abundant in labor.
U.S. Nominal GDP for the year 2010 was $14,658 billion, whereas in 2000 it was $9,951 billion. The GDP deflator for 2000 (2010) was 88 (111) using 2005 as a base year. Using the compound growth formula xt+n = xt(1 + g)^n
One of your relatives advices to you that our nation should stop trading with other nations because imports take away jobs and lower our national well-being.
Kellogg's, breakfast food people, comprises one of four corporations that control about 92% of its market for breakfast food. Kellogg's would be considered;
And how about linking eastern Denmark more directly with Germany's Baltic Sea coastline, enabling Danes to go by train from their capital to Berlin in, say, three hours? Despite the Danes' nej to the euro, it is still a fair bet that this last muc..
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