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Find one or more articles about a good/service the United States exports and a good/service the United States imports. In a well-written paper, explain the following:
Discuss what this suggests about the United States' absolute and comparative advantage when it comes to this good/service.
Using the concepts of supply and demand, discuss what effect a "Buy American" campaign might have in the market for the imported good. Given what economists have to say about comparative advantage, would such a campaign be good or bad? Adhere to the following standards:
Your paper should be two to four pages in length, not including the title or references pages.
Illustrate what are some of the traditional international trade theories that support the concept of globalization.
Suppose the government is concerned that the going wage rate of $6 per hour for low skilled workers is too low.
How thw economy revoves from a recession and returns to its long-run equilibrium with out any policy intervention.
Consider city of Silver Spring, where zoning laws limit the number of video arcades to one. The city only video arcade has a price of $.50 a game with an average cost of $0.34 a game.
Explain how turmoil in global financial markets might affect the demand for loanable funds, investment, and global economic growth in the future and how do the high saving rates in Asia impact investment in other countries?
Discuss the characteristics of consumer indifference curves, the role of the consumption-opportunity constraint, and the budget constraint in indifference curve analysis.
Suppose if 100$ million in excess reserves are made available to banking system, by how much can the banking system increase the money supply?
How does monopolistic competition differ from pure competition in its basic characteristics From pure monopoly? Explain fully what product differentiation may involve. Explain how the entry of firms into its industry affects the demand curve facin..
Where the independent variables are respectively: P, price of McBurger’s burgers, PC, price of competitors' burgers, Y, per capita income, and A, McBurger’s advertising budget.You observe that competitors have, on average, priced their burgers at $3...
What is the relationship between potential output and the natural rate of unemployment If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent.
A firm wants to lease some land from you for twenty years and build a warehouse on it. As your payment for the lease, you will own the warehouse at the end of the twenty years.
The baker uses the flour to make bread & sells the bread to households for RS. 6.00. The households eat the bread. What is the value added in each stages of production?
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