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Almost every item that we use in our day to day lives, has some component of 'International Trade' associated with it. For example, Colgate toothpastes are generally 'Made in Mexico', marketed by Colgate Palmolive, New York. Countless items are 'Made in China', 'Made in Malaysia', 'Made in India', 'Made in Bangladesh', ... Do you feel we should continue to use items made in other countries? How do your arguments tie-in with ideas of trade/comparative advantage, as put forth by David Ricardo?
The demand for a new book is given by the function Q = 5,000 - 100p. If the cost of having the book edited and typeset is $20,000, if the marginal cost of printing an extra copy is $4, and if he has no other costs, then he would maximize his profits ..
Marx argues that economic changes are the source of class conflict and potential social change. Explain Marx’s argument by either using the historical example of the transition from feudal production to capitalist production, or explain this by perha..
Suppose one economist believes the target rate of unemployment is 4.2 percent while another believes it is 5.3 percent. Using Okun’s rule of thumb, by how much would you expect their estimates of potential GDP to differ in an $11 trillion economy?
consider a market where demand is p10-2q and supply is pq2. there is a consumption positive externality of 2.5unit of
Brenda Johnson has used a preprinted form that she got from the internet to create her will.
q1. you have the following information for your productbull the price elasticity of demand is -0.9.bull the income
USA has millions of individuals under 16 years old who are not working. Do we include them as part of unemployed individuals? Why higher rates of unemployment undesirable? What are the social problems linked with unemployment? What are the types of u..
Identify an instance where a price control is used in our markets. Why do you think this price control exists? Also discuss the possible negative effects it may have on the market
How could a company go about meeting those needs and thus motivate you to work better and harder.
Your company is interested in analyzing the behavior of interest rates and the models used to predict interest rates in the future. As an initial project in this area, If the market-clearing price (market equilibrium) of this bond has a return of 20%..
If there were 30 million employed Theralanders and Theraland had a job-separation rate of 15% per month, explain how many people would find jobs each month.
Describe why it is often asserted that that exporters suffer when their home currencies appreciate in real terms against foreign currencies and prosper when their home currencies depreciate in real terms.
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