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As a business owner, you need to approach the issue of globalization and trade in context. With all the complicated tariff and nontariff trade policies, organizations, and government involvement, the important question to ask is why the United States maintains certain economic policies.
Consider the following questions:
Research where you would find the U.S. international trade policies and their history as they apply to various industries. Chose two industries, and focus on those. Do the economic trade policies today help or hurt business owners and laborers? Is the automobile industry protected? Is it considered an infant industry? What tariff policy is in place for automobile manufacturers? What type of administered protection is in place, if any? Compare the automobile industry to the two industries you chose to research. How could the state or local representative help or hurt a business owner in the era of globalization? How did the policies for manufacturers of automobiles evolve? For example, what influences do the following organizations have on business owners, and what is their history? The World Bank The IMF GATT The European Union NAFTA The Doha Round
Does NAFTA affect the automobile industry's decisions on what to do with labor costs? Capital costs? If so, how? Was this trade agreement good for the United States from an economic standpoint? Was it good for Mexico from and economic standpoint?
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understanding how market equilibrium is maintained is essential for business managers. as a manager it is important to
In the 1970s, the United States experienced periods of severe gasoline shortages due to OPEC policy and unrest in the Middle East. The price of gasoline increased as a result of these shortages.
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Produce the profit maximizing level of output and therefore there will be no deadweight loss associated with this production.
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Which of these economic variables is procyclical and coincident?what did the U.S. business cycles in the early 1890s and early 1930s have in common?
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A key year for them is 2015, when Southeast Asia's Open Sky Agreement comes into effect, allowing unlimited flights to all 10 ASEAN members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
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Among perfect competition, monopolistic competition, oligopoly, and monopoly, how would you classify the markets for each of teh drinks.
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