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1. Explain the concept of comparative advantage and the principle theories of why trade occurs.2. Analyze and discuss the sources of comparative advantage in national economies.3. Analyze the international movement of productive factors in order to identify business opportunities and/or threats.4. Explain the economic effect of tariffs, nontariff barriers, and various forms of trade policies adopted by national governments.
Who are maximizing their rational choice, the Japanese or the Americans and which of the three forms would Adam Smith agree is the best choice?
The company selling the good x starts an advertisement campagin that has the following effect on the consumer he makes decisions as if maximizing a decision utility function.
assume there are two countries involved in a war. country a is considering invading country b through a bridge which is
Instead of asking for a price, you offer to give them the product in exchange for 50% of their cost savings. Describe the information asymmetry, the adverse selection problem, and why soft selling is a successful signal.
Mention five ways you are affected on a daily basis by government intervention in the market. For what reason might government be involved? Is that reason justified?
suppose the equilibrium price in the market is 10 and the price elasticity of demand for the linear demand function at
When a perfectly competitive firm finds that its market price is below its minimum average variable cost, it will sella. any positive output the entrepreneur decides upon because all of it can be sold. b. nothing at all; the firm shuts down c. the ou..
The following figures are based on budget estimates of Government of India for the year 2001 – 2002
a. each individual determinant analyzed for your situation with examples applicable to your situation and research
alex fiani corporation produces egg cartons that are sold to egg distributors. alex fiani corporation has estimated
Consider a perfectly competitive market. Analyze and explain in detail using graphical tools to show what you expect to happen to the number of firms and firm profitability in the short run and long run a) if demand for the product falls and b) if..
Does the fact that your bank keeps only a fraction of your account balance in reserve make you uncomfortable Why don't people rush to the bank and retrieve their money What would happen if they did
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