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Question1) Is it not right to use the total revenue test for elasticity, when there is a direct relationship between price and total revenue the demand is elastic?Question2) Have market systems outperform command systems of economic over the 200 years.Question3) The United States is an example of a pure market system of economics without elements of command or tradition.
"Time" magazine, Canadian edition, has recently published an article on U.S. agricultural subsidies titled "Why our Farm Policy is Failing", November 2nd, 2007.
China and Japan have 2factors of production, land and labor. Both countries produce 2-goods, corn, which needs more land, and computers, which needs more labor.
Describe how economies benefit from specialization and exchange. Economics is not my strong suit. If there is a way to describe this to me in laymans terms along with an example;
Suppose the effect of monetary policy on the exchange rate value of the dollar. Estimate the effect of expansionary monetary policy on each of the following.
Discuss how do government bureaus differ from private firms and explain why is there good reason to believe that bureaucrats will seek to supply more than efficient level of their output in any year?
Questions based on International Business
Describe how each of the following will affect the relative values of the dollar and the French franc, Income growth higher in the US than in France.
Some nations do not protect human rights in the similar manner as the US. At times, the U.S. should threaten to restrict United States imports from or investment in a particular nation if it does not correct human rights violations.
Give your opinion, observation, or recommendation on this company? For example what types of strategy's do they use, do the use them correctly, what are their shortfalls, how do they relate to other in the industry?
Differentiate the international financial companies that play major roles in NAFTA and Latin American Integration Association (ALADI) regional trading blocs.
Determine which of the following transactions would contribute to a United State current account surplus and why? Make sure that you justify, in every case, explain why the transaction would or would not contribute to a current account surplus.
Burger King Beefs Up Global Operations
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