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1. What is comparative advantage and how does it affect a nation's expoarts and imports? 2. Explain what the terms of trade are in international trade. 3. What is the exchange rate in international trade? 4. What is the difference between a tariff and an import quota? 5. Do you believe the United States should impose international trade restrictions and why do you believe this?
Suppose nominal GDP in 1999 was $100 billion also in 2001 it was $260 billion. Illustrate what is the own-price elasticity of demand.
Suppose that in a particular month roughly 8 million people in the United States were seeking jobs but had not found them. Suppose that 2 million of these people give up their searches in the following month and stopped looking for work. What will ha..
Can anyone recommend a resource for very long term trade data? (1500-2014). I have looked and found bits and pieces here and there but haven't come across any single data-set covering all of it. I am thinking of mashing my own together but I really d..
Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil produces 100,000 units of clothing per year and 50,000 cans of soda
A $10,000 par value bond with coupons at 8%, convertible semi annually, is being sold three years and four months before the bond matures. The bond is redeemable at $C, and purchase will yield 6% convertible semi annually to the buyer. The price of t..
With some services, e.g., checking accounts, phone service, or pay TV, consumers choose between two or more payment plans. One can either pay a high entry fee and get a low price per unit of the service or pay a low entry fee and a high price per uni..
You learned that Texas has a tax system that is generally “regressive” because it relies heavily on sales taxes rather than income taxes. What are the definitions of regressive, flat, and progressive when it comes to taxes? Why a sales tax is conside..
Sidney makes $200 per week. She buys only two items: pizza and beer. The price of a pizza is $5 and the price of each beer is $2. What is the y-axis intercept for the above budget constraint? What is the x-axis intercept for the above budget constrai..
Which of the following cannot be a factor that gives it a competitive advantage?
Assist on writing a 1 page paper on political also legal influences. A research paper- Illustrate what's economics issue or problem seen in behavior we observe in the world around us.
During the construction of a highway bypass, earthmoving equipment costing $40,000 was purchased for use in transporting fill from the borrow pit. At the end of the 4 year project, the equipment will be sold for $20,000. The schedule for moving fill ..
The Federal Reserve had to resort to non-standard methods to try to stimulate the economy the last several years in part because:
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