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DISCUSSION: Global economic environment; global trade environment
1. Briefly explain why a company can be successful when it target markets to consumers in low income countries. Provide an example to substantiate your answer.
2. Briefly explain why an ethnocentric orientation often lead to the standardization of products.
3. Choose a country you would like to visit. You can find information about it in the fact book at www.cia.gov. After researching the country, would you consider living there? Briefly explain why you chose that answer.
Discuss how deficit spending relates to the economic collapse of the Greece and Spain economies. Relate their economic collapse to U.S. current economic problems. How does U.S. deficit spending affect our economy
Should the U.S currency be backed by gold? Recently the dollar has been losing value and there were a few countries advocating a change from using the dollar as the "international" currency (for example petroleum on the international market is bou..
How do you think the increase in savings affected overall consumption Since, on average, 70% economic activity in the United States is based on consumers purchasing goods and services for consumption
Suppose if airline industry was operating under other market structures, how would equilibrium price and quantity differ? Would it be higher, lower, or same?
Wolverine and Spartan both have populations of 40,000, the same level of human capital and the same natural resources. Both have the same production function with constant returns to scale and diminishing returns.
Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005. Year REAL GDP (2000 prices) population.
A local drama company proposes a new neighborhood theater in San Francisco. Before approving the building permit, the city planner completes a study of the theater's impact on the surrounding community.
Define gross domestic product (GDP) and Gross National Income (GNI) and their main features. Identify the shortcomings of GDP as a measure of economic activity and economic welfare.
Many people say yes that government's role in free market economy should be limited, the degree of appropriate government involvement is contested.
Economic fluctuations (or business cycles) are fluctuations in the level of economic activity, relative to a long-term growth trend. Comparing and contrasting the economic fluctuation the United States has experiences from 1990 to current date.
Still remaining within the Ricardian framework, Suppose that the Canada has one hundred units of labor available for production while Mexico has two hundred units of labor and both nations produce corn and wheat.
Pat Protectionist thinks the United States imports too many goods from low wage nations like China. Pat will often point out items that have "made in China" labels on them and laments the fact
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