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a. Do regional trade agreements promote free trade or do they just create another kind of trade barrier? Explain your answer.
b. Why does the WTO permit regional trade agreements when they violate the "most favored nation" principle?
c. Explain your answer. Discuss intellectual property and the major issues it has on international trade negotiations.
The LoJack car recovery system allows the police to track stolen cars. As a result, they not only recover 90 percent of LoJack-equipped cars that are stolen but also arrest many auto thieves and shut down many "Chop shops" that take apart stolen vehi..
An individual makes $45017 per year. If they move to a city where prices are on average 11 percent lower, and they continue to make the same salary, then what is their purchasing power parity adjusted income?
A demand curve that is horizontal indicates that the commodity
Elucidate what would be according to your opinion the right mix of monetary and fiscal policies for years 2011-2012. Elucidate what would be according to your opinion the appropriate structure of your investment portfolio.
In 1-2 pages, explain the law of diminishing marginal utility and give an example of an opportunity cost you pay personally and another example of an opportunity cost you believe the economy pays because of large military expenditures.
Please explain the difference between the transaction demand for money and the asset demand for money, and how they work together to determine the total demand for money. The slides and audio should help with this, as well as other sources of informa..
An airline is considering the purchase of an Airbus A-320neo which offers improved fuel efficiency over the previous generation of narrow-body aircraft. The finance department estimates the aircraft will generate a positive net cash flow of $6 millio..
Explain what the income eect is. You may use plain English or use an illustrative example. However, you must convince me you know what it is without copying a denition. Repeat the above for the substitution eect.
Imagine you have some workers and some handheld computers that you can use to take inventory at a warehouse. There are diminishing returns to taking inventory. If one worker uses one computer, he can inventory 150 items per hour. What if you assign t..
Your uncle comes to you with an investment idea. He tells you that the nominal GDP of Paradisia quadrupled over the past year and suggests that you invest there. Unemployment is at 20 percent and inflation over the last year was 500 percent. This opp..
q.given your answer in part b if px would increases by 10 by what percentage would sales decrease? what impact would
Beginning from a steady state in the Solow growth model, explain how an increase in the saving rate will affect the levels and growth rates of capital and output per worker. (Note: discuss both the short-run and long-run impacts).
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