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1. Discuss the effect of wage, rate changes and exchange of rate changes.
2. Explain why a change in the distribution of income in a country can change the shapes of the community indifference curve for the country. (page 82)
3. Explain the difference between the "gains from exchange" (consumption gain) and the "gains from specialization'' (production gain) Page 98
4. Why is an increase in the number of varieties of a good regarded as a gain from trade? Can you think of economic disadvantages associated with greater product variety? Explain.
5. Explain why a country's use of preferential duties is inconsistent with MFN treatment of trading partners by that country.
6. Do you think that it is ever possible to obtain a good indication of a precise degree of protection accorded by a country to its import-substitute industries? Why or why not? (Remember that, in addition to tariffs, protection is also provided by various non-tariffs barriers.)
Discuss the history of your social issue as expressed in popular culture in general. Define the audience for each of your artifact categories and explore whether this audience has changed in any way. Consider whether this audience is local, global..
How much is the constant amount "x" and how much is the 48th payment and the dealer has offered you a 5-year maintenance contract for $800 per year payable at the end of each year.
America spends more on every student in public education than any other developed country and yet performs at bottom of every international student achievement test.
Identify a non-global company, select a market entry strategy and create a 3-4 page description of how you would enter a specific global market using your chosen entry strategy.
Suppose that government imposed a price ceiling on gasoline in order to save prices from getting too high. What are the economic implications of this action in the gasoline markets?
Determine what jobs are created through free trade and what jobs are lost when countries restrict free trade? Identify the areas in which U.S. applies protectionist policies.
The Sarbanes-Oxley Act (Financial Reporting Act) of 2002 was passed in response the problems which surfaced with the market failures of 2000-2001, which was partially caused by senior executives in publicly-held firms routinely changing their quar..
Over the last 30 year in the US, the real price of a college education (i.e. after adjusting for inflation) has increased by almost 70 percent. Over the same period, an increasing number of high school graduates have sought a college education.
Research an issue on how international trade can affect a country's economic growth and externalities associated with international trade.
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?
Canada has comparative advantage in oil production, and China in shoes production. Suppose China grows in a NON biased way, i.e., both sectors grow in the same way. Analyze the effect of this NON biased growth on Canadian welfare.
Team, Economists often study and evaluate economic policies by country or region. As an economist, evaluate different regional trading arrangements.
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