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Read the article, India, Known for Outsourcing, Expands in Industry. Write a paper (250-350 words total) answering the questions below. To access the article, click on the link below. (SLO 1, 2, 3, 4, 6).
1. What does the article say about the importance of international economics, the principle of comparative advantage, and modern trade theory?
2. Discuss how production based on comparative advantage can increase domestic employment in India.
What will happen to the price and quantity? What will happen to the amount that domestic producers supply? What will happen to revenues of domestic and foreign producers?
Comput the following with an explanation how you arrived at each result. The Amount Consumers will spend on new consumption.
Describe one possible combination of government spending increases and tax decreases that would accomplish the same goal.
Elucidate why it is often claimed that hospitals compete for doctors rather than patients. What are some of the implications of this phenomenon.
There has been much political discussion about redistributing income. These ideas are not new. Name and elucidate the three political philosophies of redistributing income. Do you believe any of them have merit.
Illustrate what is the firm's current profit. Illustrate what is likely to occur in this market.
Explain carefully why it makes better sense to shut down rather than continue to operate or to continue to operate rather than shut down, as the case may be. How do fixed costs play a role in your analysis? What is the difference between shutting ..
Clarify why you chose this agency as well as what the impacts to you have been. Do you consider the impact to be positive or negative.
Suppose that in the year 2010 the number of births is temporarily high. Explain how does this baby boom affect the price of babysitting services in 2015 and2025.
Illustrate the entry barriers exist in the fast food industry. Compute the labor participation rate: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150.
Explain how would you try to convince him that this is probably not the right way to look at international trade and its effects on the country.
What is marginal rate of substitution between flour and rice. What is amount of rice and amount of flour he should be consumed to maximize his utility.
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