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One world currency and free trade
1. Discuss the advantages and disadvantages of having one world currency.
2.There are several trade agreements around the world which involve many countries. In North America, for example, there is the North American Free Trade Agreement (NAFTA). These trade agreements spell out the rules for trade amongst the nations which abide by the treaty.
Some advocates of NAFTA are in favor of expanding the agreement to include all nations in North and South America (although it is not clear if Cuba would be included).
Discuss the benefits and costs of such a sweeping trade agreement. Consider the various countries involved (you do not have to look at all of them!) and what it means for first and third world nations to join in such an agreement.
Over the last three years, as the result of decreasing prices for digital cameras, the price of developing traditional 35mm film has increased 5% yesrly. How would I go about graphing this impact on the market for 35mm cameras.
Utlizing the aggregate demand and aggregate supply model, draw an economy in a boom.
Suppose a risk averse agent. Explain how many units of the contract will the agent buy if the price is q=k.
Describe your understanding of what makes a cost or factor relevant to economic reasoning.
Illustrate what two kinds of changes in the capital stock can improve labor productivity. What determines the slope of the per-worker production function.
How much does it choose to sell when it enters the market? What is the resultant market price? How much does each of the two firms earn in profits?
Compute the trucks net book value at the end of its third year of use under each depreciation method.
Most customer oppose these laws because they find Sunday afternoon a good time to shop, however retail trade associations support these laws.
From each pair of goods, pick the good for which demand will most likely be more elastic:
Assume that the Fed perceives inflation on the horizon and decides to pursue a contractionary monetary policy.
The nation is divided into __12______ Federal Reserve districts, each having a Federal Reserve Bank.
Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."
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