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Josephine makes $100 a day as a flower shop attendant. She takes off two days of work without pay to travel to another city to attend her sister's wedding. The cost of transportation for the trip is $180 round trip. The cost of her hotel stay is $99 per night and she stays for 2 nights. What is the opportunity cost of Josephine's trip to the wedding?
Environmentalists discuss that the trade liberalization harms the environment. The decisions of World Trade Organization in particular have been the subject of much criticism.
And how about linking eastern Denmark more directly with Germany's Baltic Sea coastline, enabling Danes to go by train from their capital to Berlin in, say, three hours? Despite the Danes' nej to the euro, it is still a fair bet that this last muc..
In the same context of Q6 above, briefly explain why the prices of Short Term US treasury securities are still high enough to keep the interest low enough despite the fact that the US Bond rating has been downgraded from AAA status to AA+ by S&P i..
Describing a policy issue currently under consideration by the USA federal, state, or local government. It must be of manageable size, and current. Huge changes in law ( such as the creation of Medicare Parte D or the full implementation of the PP..
Consider the following data, and answer the questions given below. China and England are international trade partners. The following data are expected payoffs for two nations.
Use the specific factors model, describe why you might expect to see certain capital owners and labor groups discussing against developing trade in a capital abundant country.
Which of the following situations will arise in the domestic market following the removal of an import quota? a. imports increase, domestic production increases, prices increase b. imports increase, domestic production decreases, prices decrease c. i..
Assume that the government wishes to rise Social Security taxes by $1 per hour of work and is undecided between rising the tax on employees and rising the tax on workers.
Which of these methods of encouraging growth would you suggest for the typical company in Hong Kong and Singapore and explain the rationale for your choice.
Draw a production possibilities curve for Mexico and use the two above charts to answer the following questions.
Determine the free trade equilibrium. Then calculate and graph the following effects of an import quota that limits imports to 50 bags. a. The increase in the domestic price b. The quota rents c. The consumption distortion loss d. The production d..
How much does Korea gain and what is the range for the terms of trade for mutually beneficial trade
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