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Describe the relationship between international trade volume and world output, and identify overall trade patterns. Explain theories of absolute advantage, comparative advantage, factor proportions, and international product life cycles. Explain the theories of new trade and national competitive advantage. Overview Emerging markets show the progress of economies in rapid growth—useful for studying economic theories. Instructions Step 1 – Pick an emerging market like India, China, Brazil, or Russia. Look up information concerning its popular industries and recent growth rates. Step 2 – Write a short paper in which you: Explore the advantages that this country shows and the types of foreign products or services that it depends on. Suggest several key industries the country should focus on for future growth, and several industries that it should establish strong import relationships for. Explain how the theories of new trade and national competitive advantage affects this country’s emerging market. Your paper should be brief—one to two pages (250 to 500 words). Remember to credit any sources you used. Please refer to the Publication Manual of the American Psychological Association, 6th ed. (commonly referred to as APA format), when formatting research papers, crediting sources, and creating reference lists.
A firm has a monopoly on a new type of gaming console. The market demand is given by P=175.3-0.003*Q and thus marginal revenue is MR=175.3-0.006*Q. The monopolist's marginal cost is MC=5.2+0.001*Q. Calculate the profit-maximizing production quantity.
What is Import Substitution Industrialization (ISI)? Should a country adopt an Import Substitution Industrialization (ISI) policy or an Export Led Growth (ELG) policy and why?
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In the framework of an oligopoly, what strategy can work like a silent form of cooperation?
q1. explain how do you calculate the cost index using the nominal gdp to get the real gdp in billionsq2. the ncaa
Figure 7.1 is drawn from Harrison and Rubinfeld’s study of the demand for air pollution in Boston. Make a copy of Figure 7.1 and then estimate the total willingness to pay, for a household earning $15,000 per year, or reducing NOx levels from 6 to 4 ..
At 36 units of labor, a firm finds that both average product of labor and marginal product of labor equal 42. We can conclude that the average product curve at 36 units of labor is
Why are savings and investment so important for economic growth? How do savings and investment affect present and future consumption? Explain. How does the Production Possibly Curve behavior when the economy is growing and when the economy is sinking..
What is market signaling? What is moral hazard? What is adverse selection?
q. without trade the united states produces 45000 units of clothing and 150000 cans of soda. without trade brazil
What is the loss to fans from the monopoly power that sports franchises exert? Be precise in your reasoning. (Verbal explanation and shows P, MC and MR.)
How does the quality of the physician's documentation in the medical record ensure quality as opposed to fraud and abuse in coding? Provide an example.
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