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Compare and contrast free and fair trade. After reading the case study “Fair Trade Coffee: The Mainstream Debate,” answer the following questions:
What are the similarities and differences in free versus fair trade arrangements? How are these reflected in the actual prices of coffee?
Are fair trade principles both an effective and economically efficient trading mechanism?
Is fair trade coffee sustainable for the mass market, or is it a niche product for the socially conscious and well off?
How does the Ignition value of “cura personalise” or "care for the person" relate to the debate about free vs. fair trade? (Recall that “cura personalise” implies having concern and care for the personal development of the whole person. This implies a dedication to promoting human dignity and care for the mind, body and spirit of the person.)
Based on all the information in the course, synthesize and propose a sustainable solution to the problem of low prices for coffee producers.
The U.S. Constitution bans states from restricting imports of goods and services from other states. Suppose this restriction did not exist and that states were allowed to limit imports of goods and services produced in other states. How do you think ..
Explain what the income eect is. You may use plain English or use an illustrative example. However, you must convince me you know what it is without copying a denition. Repeat the above for the substitution eect.
Suppose nuclear power plants are banned in the U. S. What are the opportunity costs of this decision?
What is the smallest per product unit subsidy that must be paid to the monopolist in order to induce it to produce 7 units of its product?
When the government imposes a price floor above the market price, the result will be that:
Assume that velocity of money is 5, nominal GDP is $1,350,000 and cost level is 3. Estimate all possible unknowns in XYZ's economy, if its federal reserve buys $9,000.00 in government bonds.
Identify and discuss some of the other factors that influenced the growth of social media. To get you started and pointed in the right direction, consider how the use of digital cameras, digital video cameras, cell phones with cameras, and portable d..
what is the new wage and employment level; are employees better or worse off as a result of the health insurance benefits?
Describe the slope of the isocost and isoquant curves, and hence derive a relationship between the productivity of capital and the productivity of labour.
Viennese artist Gustav Klimt's Portrait of Adele Bloch- Bauer was sold in New York for $135 million. Illustrate using supply and demand curve.
Assume only two countries, China and the US. If China decides to stimulate growth through a policy of running a large export trade surplus, does China’s national saving increase? Show the relationship between China’s national savings, domestic invest..
Ilustrate what is the market price and level of each firm's output in the short run. How much profit does each firm make.
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