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Q. Are you for or against free trade? Are you for or against NAFTA? Illustrate what is the economic basis for trade? Explain the underlying facts that support free trade also give an example of a good that you purchased recently that is based on resource differences. Illustrate what are some examples of goods that the U.S. has comparative advantage in producing? Take a look at the tag of the shirt/dress/pants you are wearing today. Where was it made? Anyone wearing "Made in America" items of clothing today? We sometimes hear people say "Buy American." Why don't we? Illustrate what is the basis of international trade? Illustrate what are the benefits also the costs? Under Illustrate what conditions would you advocate for trade restrictions?
A major employer in a small town announces upcoming major layoffs of employees. What should we expect to happen to the consumption functions of the affected employees.
In general, illustrate what happens to the level of consumer surplus as the price of a good falls.
Global studios are thinking of producing a mega film, Aqua world, which could be a mega hit or a mega flop.
Over the past year price inflation has been 10% but the price of a used ford escort has fallen from $6000 to $5000. The real price of a ford escort has fallen by Elucidate how much.
Illustrate what was the impact on the supply also demand of labor on one sector of the labor market. Elucidate the factors which affected labor demand also labor supply in the chosen historical example.
Compute the price of the machine, which will make purchasing or leasing to be equally costly.
The market for autographs including letters o other documents signed by famous people is subject to frequent large price changes as are markets for most collectables.
What is the difference between a change in the quantity supplied and a shift in the supply curve.
Select the most serious disadvantage of globalization (in your opinion) and make at least one recommendation
Analyze this statement in terms of your assessment of Marx as economist also as a philosopher.
The local community has instituted a price ceiling of $480. Does consumer surplus increase due to this price ceiling. Does social welfare increase as a result of the price ceiling
Each of the estimated coefficients statistically significant at the 95 per cent confidence interval. What is the optimal output level.
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