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1. Identify and explain the major differences between the (Ricardian) Theory of Comparative Advantage and the (Heckscher-Ohlin) Factor Endowments Theory. Identify three industries in which the United States is likely to have a comparative advantage over its major competitors - briefly explain your choices.
2. Carefully review the Heritage Foundation Index of Economic Freedom for 2013. Choose three countries and find their economic freedom index ranking.
Discuss the rationale for their placement on the Heritage Foundation list.
3. Review the list of trade dispute settlements on the World Trade Organization
Choose three trade dispute cases that involve the United States as a counterparty; discuss their origins, rationale and resolutions.
4. Explain the major provisions of the Uruguay Round of multilateral trade negotiations.
5. Discuss and explain the major provisions of the North American Free trade Area (NAFTA) agreement. Briefly discuss the major benefits of NAFTA to the U.S. economy.
Who has a comparative advantage in the production of wristbands and for Kristen and for Anna, what is the opportunity cost of a pot holder? Who has a comparative advantage in the production of pot holders? Explain your answer.
Use a graph of the pollution abatement market, model a situation in which the allocatively efficient level of abatement occurs at 100%,
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.
The Republic of Republic produces 2-goods, marshmallows and soda water. In 1994, the one hundred units of MM produced sold for $3 a unit and 50 units of SW produced sold for $1 a unit.
Assume that the Kiribati can manufacture 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can manufacture 750 tons of breadfruit or 1875 tons of fish.
Foreign Direct Investment - Prepare a power-point presentation on Toyota's international market strategy.
Black Diamond Tennis & Golf Club offers golf & tennis memberships to residents of Black Diamond, Ohio, in which there are two types of families:
Which political system describes best the governance system of the EU? Is the governance system of the EU democratic? Why ‘yes', or why ‘not'?
Economists generally use Porter's 5-forces framework when making a qualitative evaluation of a company's strategic position. According to Porter, his model should be used at industry level,
The given table lists the stages needed in the production of a personal computer. Determine the value of the computer in the GDP?
Determine what jobs are created through free trade and what jobs are lost when countries restrict free trade? Identify the areas in which U.S. applies protectionist policies.
Before one year Polish zloty was PLN 3.8000/USD. Since then the sloty has fallen 14 percent against the dollar. Price levels in the US have not changed, but Polish price has gone up 7 percent
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