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Following World War II, Germany and France initiated discussions to align themselves in a way which would promote rebuilding, future growth and stability. The European Economic Community was formed in 1957 with the six original members: Germany, France, Belgium, Luxembourg, the Netherlands and Italy joining forces to create the EEC. Great Britain joined in 1973, and remained committed as the EEC transformed into the customs union we now know as the European Union (EU) until the June 23, 2016 vote on the referendum to have Great Britain exit the EU prevailed.
As you read through the information about the effect of BREXIT on the BBC's website, consider the reasons for the founding nations to have formed the original agreement. Do you think Great Britain made the right decision to leave?
The US cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Under the proposed settlement, cigarette companies will make fixed annual payments to the government
List the key factors aside from maximizing profits that managers should consider. Determine the key factors that you believe to be the most influential.
Trade liberalization makes poor nations worse off because it displaces domestic production. It would be better to save fledgling domestic manufacturers from import competition in order to endorse industrial development.
When the United States placed a tariff on steel imports in 2002, foreign producers naturally complained, but there were also complaints from U.S. firms operating in other industries. Why would other types of firms strongly object
A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won't buy it because they don't like the taste. From an economic perspective, the company should:
National Products Company participates in a highly competitive industry. In order to meet this competition and to get profit goals, the corporation has chosen the decentralized form of organization.
Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences. What are some examples of goods that the U.S. has comparative advantage in producing
Shane has never filed a tax return despite earning excessive sums of money as a gambler. When does the statute of limitations expire for the years in which Shane has not filed a tax return?
Suppose you are the owner of a small bank in a state that is planning allowing interstate banking. You do not like this because it will be possible for large money center banks in Washington,
T-Shirt Enterprises is selling in a purely competitive market. It is producing 3,000 units, selling them for $2 each. At this level of output, the average total cost is $2.50 and the average
In the late 1990s, several East Asian economies had their currencies pegged to the U. S. dollar. Suppose there is an economic boom in the United States that leads to an increase in U. S. interest rates.
Think the yearly budget deficit in the U.S. versus GDP, How does this compare to other industrial economies? What is your opinion on this relationship of budget deficit to GDP?
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