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International trade has pros and cons. Economists generally support free trade. International trade has played a significant part in promoting economic development and technology transfer among countries. There are also various arguments in favor of restricting international trade: protecting jobs, defending national security, helping infant industries, preventing unfair competition, and responding to foreign trade restrictions.
1. What is the impact of free trade on domestic job creation policy? Elaborate with examples.
2. What are the impacts of outsourcing and off-shoring on trade liberalization (globalization) and economic structure?
3. What are the pros and cons of importing cheap goods and services?
Depends on the evidence in this article and what you know about the economy in the United States, decide which of these statements is most likely to be true.
If a hurricane strikes Florida, and destroys 20 thousand pounds of oranges, what will the new equilibrium price and quantity be?
If the average adult produces $90,000 of output per year, how much output is lost as a result of adult deaths from secondhand smoke, according to the News on page 74?
Suppose that GDP is currently $25,000 and marginal propensity to consume is .50. If autonomous investment increases by $5,000, what will GDP be in new equilibrium.
Illustrate would be the effect on D' of decreasing the variable cost per unit by 25% if the fixed costs thereby increased by 10%.
Perform a statistical analysis of its short-run production costs to estimate its total variable cost function.
who are well-known to be boring, stuffy types; what could be a better way to reinforce one's credentials as a radical, innovative thinker than to skewer their most beloved doctrine.
The settlement requires KopyKat to pay the employee $10,000 per month for the next year. Determine the optimal price and output for the firm under these new conditions.
How many acres should John choose to mow in order to maximize profit. Prevailing market price of lawn mowing is $20 per acre.
If the utility function shows declining marginal utility of income for an individual, the individual must be a : a)risk-neutral person b) risk-taker c) risk-averse person
A major Statistics Canada household survey, the Survey of Labour and Income Dynamics or SLID, the latest of which is referred to as SLID 2009.
question 1explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing
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