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a) In 2002 the United States introduced tariffs on certain steel imports from China and Europe. One can argue that in some cases, the introduction of these tariffs improved welfare in the United States. Why?
b) Use your answer to part a) to explain why president George W. Bush suspended the U.S. tariffs on steel 17 months ahead of schedule.
In September 1983, it took 245 Japanese yen to equal $1. More than twenty years later that exchange rate had fallen to 108 yen to $1.
Describe both foreign income and repatriation of earnings using 3-examples that any worker can understand.
Identify the process by which the company identifies and raises funds for capital investments. Describe the cost structures of these funds from both internal and external sources.
Explain at least three important distributional challenges associated with global climate change policy also describe four of the advantages of global price approaches to climate change advocated by Nordhaus.
All major nations had their currencies set at a fixed exchange rate with the American dollar, but the dollar was the only currency convertible into gold. Nixon's unilateral decision brought instability to the international monetary system from 197..
The Biltmore Garage has lights in places that are difficult to reach. Management estimates that it expenses about $2 to change a bulb. Standard one hundred-watt bulbs with an expected life of 1000 hours.
Use a graph of the pollution abatement market, model a situation in which the allocatively efficient level of abatement occurs at 100%,
A FX dealer in London normally quotes spot, 1M, 3M and 6M forward. When you ask over the phone for current quotes for YEN or USD you hear "111.43 to 51, 52 to 48, 150 to 144, 337 to 205"
Steel is labor intensive and rice is land intensive. According to the long run Heckscher-Ohlin model what happens when these two countries move frome no trade to free trade? Wages in France's rice industry? Wages in France's steel industry?
Jan van der Schmidt was the organizer of a successful chain of restaurants located at Europe. He died unexpectedly at the ages of fifty-five.
Assume that, from an initial equilibrium rank in the offer curve diagram, nation I imposes a tariff on country II's export good at the same time that customers in country II change their tastes toward wanting more of II's export good.
In a day of production, companies in Angola can manufacture 200 liters of oil or 100 kilograms of tungsten. Companies in Namibia can manufacture 160 liters of oil or 60 kilograms of tungsten.
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