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Assignment
Use the globalEDGE website to complete the following exercises:
• The World Trade Organization maintains a database of regional trade agreements. You can search this database to identify all agreements that a specific country participates in. Search the database to identify the trade agreements that Japan currently participates in. What patterns do you see? Which region (or regions) of the world does Japan seem to be focusing on in its trade endeavors?
• Your company has assigned you with the task of investigating the various trade blocs in Africa to see if your company can benefit from these trade agreements while expanding into African markets. The first trade bloc you come across is COMESA. Prepare a short executive summary for your company, explaining the level of integration the bloc has currently achieved, the level it aspires to accomplish, and the relationships it has with other African trade blocs.
Using concepts we have discussed in class, discuss the effect of having a minimum wage. The minimum wage raises workers’ wage above the equilibrium wage.
Appalachian Coal Mining believes that it can increase labor productivity and, therefore, net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution, How much pollution reduction should App..
Explain Karl Marx's role in economics 100 words or more.
"If you are the curator of a museum that charges a fee to enter and your boss wants you to increase revenue, what price change do you make?"
Evaluation of Inventory
Suppose Dave still has $300 to spend, but the price of a DVD rises to $12, while the price of a CD drops to $6. Is Dave better or worse off than he was before the price change? Use a budget constraint-indifference curve graph to illustrate your an..
folk wisdom has it that when people lose their jobs they drown their sorrows in drink.economists have long challenged
What input combination should it choose to minimize its total cost given that w = r = $10? What is the total cost of producing 100 units of output?
given the following demand functionq 2.0 p-1.33 y2.0 a0.66where q quantity demanded thousands of unitsp price unity
Suppose you are an Executive Chef at a private hotel on the beach in Florida, with sixty rooms; a banquet facility serving up to 175; a coffee bar in lounge, which also provide complimentary cold breakfast;
Is the firm minimizing costs? If not, what steps should it take to lower costs and still produce the same level of output?Is the firm minimizing costs? If not, what steps should it take to lower costs and still produce the same level of out..
mary expects to retire in five years. she is considering one of three possible career changes. each has different costs
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