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Globalization : Solution set
As your think tank expands its focus to international and global economic issues, Gabe wants you to address the following situation and prepare a report on globalization. The report should consist of opportunities and threats caused by globalization and the reactions from them. Gabe has also explained that you have done really well on your previous assignments and are proving to be an important addition to the economic strategy research team.
You must address the following in your report:
Define globalization.Explain how globalization affects the market economy.Identify 4 opportunities caused by globalization.Identify 4 threats caused by globalization.Explain how globalization affects the gross domestic product (GDP).Explain your thoughts on globalization in your own words (e.g., is it bad or good? Why or why not? Does it affect all countries?).
Illustrate can be said concerning eCommerce (such as Amazon and other online stores) and individual behavior vs traditional storefront retail and individual behavior.
Illustrate the difference among the law of diminishing marginal returns and the law of diminishing marginal rate of technical substitution.
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What are the main differences among microeconomics and macroeconomics. What factors contributed to making that decision.
A paper detailing explain why the US dollar might be replaced as the nation's reserve currency by the Euro or the IMF's Special Drawing Rights.
Illustrate which loan carries the lower effective rate. Consider fees to be the equivalent of other interest.
Explain how each of the following will affect the relative values of the dollar and the euro:
Production Possibilities Tables for Germany and Canada (note that we are assuming that opportunity costs remain constant along the production possibilities frontier), and that each country produces only these two products).
Suppose Q is the quantity demanded for medical care services. The linear industry demand function takes the form.
Describe the firms optimal advertising-to-sales ratio.
Totally he received an offer for $66000. What is your opinion of the owner's decisions
Illustrate what effects do technologies have on costs. What are some lower cost sources the organization may utilize to reduce cost.
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