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International Trade questions:
World Trade - Discuss the effects of NAFTA on: the United States, Canada, and Mexico. Is the European Union (EU) the real competitor of the U.S. in world trade? What other nations or groups of nations are now in the picture? (Support for your position).
Free Trade and Protectionism: What are the advantages and disadvantages of free trade vs. protectionism (both tariff and non-tariff barriers). In the form of a matrix (table) discuss the pros and cons of various trade pacts, including: NAFTA, World Trade Organization (formerly GATT), the European Community, G-8, and other regional trade agreements and organizations. Be sure to support your statements.
please show a breakdown analysisa study has estimated the effect of changes in interest rates and consumer confidence
Calculate the short-run and long-run cross price elasticities with respect to Py(see p. 28 and p. 30 in the notes). What type of goods are X and Y with respect to these elasticities?
identify production level to maximize profitsexplain how to balance fixed and variable costsapply economic cost
A competitive firm has the following quadratic total cost function: TC = 3Q2+ bQ + 50- Determine b if the market price is $70 per unit and the firm's profit maximizing level of output is 10 units.
Deviant behavior is a natural disposition. Which theoretical approach best explains deviant behavior? Support your opinion with factual information and explain your reasoning.What are the strengths and weaknesses of this approach?
What tools and resources do you use to stay abreast of the overall economic health of the United States and global economic environments? What tools and resources will you start to review moving forward?
government action is based on majority rule, whereas market action is based on mutual consent. The market allows for proportional representation of minorities, but minorities must yield to the views of the majority when activities are undertaken t..
Suppose Mabel has a utility function U = I1/2. What is Mabel’s general attitude toward risk? How do you know? Explain.
If the federal government enacts a tax on a monopoly, how would expect the additional tax to affect the following Output produced by the monopoly or else.
Koop likes food however dislikes cigarette smoke. The more food he has, the more he would be willing to give up to achieve a given reduction in cigarette smoke. If food and cigarette smoke are the only two goods, draw Koop’s indifference curves
With regards to the changes within the economic structure, how do politics and government regulation factor into the changes we see to economic activity on both a domestic and global scale What actions have either helped or hindered our progress
Compare the impact on pre-recorded music compact disks and the cabinet maker''s work of an economic expansion that increases consumer incomes by 20 per cent.
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