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1. What is foreign aid and what is the goal of foreign aid? Does foreign aid promote economic development? Explain briefly.
2. How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs? Explain. Who are the winners and losers from trade restrictions? Given that trade restrictions impose losses on an economy, why are trade restrictions so common?
3. Describe developing countries and how they differ from industrial market economies. How can international trade aid development? In what ways does the international economy impose problems on developing countries?
4. Why can't all the balance of payments accounts be in surplus? What factors determine the demand for British pounds in foreign exchange markets? How are exchange rates determined under a flexible exchange rate system?
5. How did the Bretton Woods system operate? What caused its collapse? Some think the current system of managed but floating rates is too unstable. What would generate the instability?
Discuss and explain the differences between short and long run costs and for the short run, discuss what the relationship is in cost theory and production theory and concept of diminishing returns?
The money demand curve will shift to the right if there is
A firm in an oligopolistic industry has the following demand and total cost equations: price and quantity at which revenue is maximized, using the total revenue function with first order condition and verifying your choice of Q resulting at a maximum..
What are the profit-maximizing price and output levels? Explain them and calculate algebraically for equilibrium P (price) and Q (output). Then, plot the MC (marginal cost), D (demand), and MR (marginal revenue) curves graphically and illustrate the ..
This first assignment is to gather/provide information regarding the XYZ University’s marketing objective (to increase enrollment). You are to clearly define/describe the competitive advantage of the XYZ University and its target market. You need to ..
Determine the possible circumstances under which the company should discontinue operations. Suggest key actions that management should take in order to confront these circumstances.
The firms in a perfectly competitive industry had been earning zero economic profits. However, the firms have recently experienced a large decrease in the cost of energy that enables them to substantially reduce the marginal cost and average total c..
Covenants of good faith and fair dealing
Explain what type of wage rigidity is most likely to affect the unemployment rates of the following types of workers: a. workers with low marginal labour productivity; b. workers seeking jobs that are typically unionized
How is market clearing quantity determined in terms of consumer surplus and producer surplus? How is market clearing price determined in terms of rationing function?
Estimates of the maximum amounts of output possible with different combinations of two input factors, X and Y.
consider a competitive market served by many domestic and foreign firms. the domestic demand for these firms product is
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