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Comparative advantage, specialization, and trade
Pat Protectionist thinks the U.S. imports too many goods from low-wage countries like China. Pat will often point out products that have "made in China" labels on them and laments the fact that "most things sold in Wal*Mart are imported." Pat is a mechanical engineer and a manufacturers representative. Pat sells a variety of products to manufacturing companies like Eastman Kodak, Bombardier, etc. Pat performs relatively high-skilled high-paid work and also enjoys frequent vacations to Europe.
Do you see any conflicts between Pat's statements and work? Do you see any conflicts between Pat's statements and trips to Europe?
Write down a paper which provides an economic profile of the automotive manufacturing industry.
In which direction with the substitution effect change the firm's employment and capital stock.
Describe what your chosen state can do to increase the supply of nurses. Include at least one appropriately cited and documented quotation to support a point.
Illustrate what are the limits to the exchange rate at which it makes sense to produce in both countries.
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers.
Assume an economy in which the reserve ratio is 15 percent, people hold 10 percent of their deposits in the form of cash, and there are no other leakages.
There has been some speculation that tax deductions like as the one allowed for interest on home mortgages will be eliminated or altered.
What is your marginal revenue and marginal cost functions? To maximize profits, how much should you produce at plant 1? At plant 2? What is the price that maximizes profits?
Describe and explain the interest parity concept using formal methods Explain IS and LM curve behavior and nominal interest rate in the domestic economy,
Make sure to include some final recommendations and strategic initiatives.
What are some of the positive externalities of education? Why may higher education offer fewer positive externalities than primary or secondary education?
Explain how would you explain the differences among these market structures. Identify which market structure your organization competes in and why you think so.
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