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In the 1950s, imports and exports of goods and services constituted roughly 4% to 5% of U.S. GDP. In recent years, exports have accounted for approximately 12% of GDP, while imports have more than tripled to over 15% of GDP.
Which of the following help to explain the increase in international trade and finance since the 1950s? Check all that apply.
An increasing number of import quotas
Better high-speed rail lines
Improvements in telecommunications
International trade agreements such as the General Agreement on Tariffs and Trade (GATT)
the simple interest for buying a passenger transit rail is shown as the product of the principle amount p time in years
Do you believe that a “culture of entitlements” exists that contributes to the budget crisis? Does this concept carry over to corporate culture?
1nbspbarriers to entry help maintain market power and earn positive economic profits.nbsp these factors apply to all
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope.
assume that the total value of the following items is 780 billion in a specific year for upper mongoose net exports 50
Find the optimal capital and labor inputs given the production function f (k, l) = ak + bl and that the output price is given by p, the rental price of capital is r and w is the wage.
Porter’s five forces of competition are as follows. Give an example of an industry where profitability is low (besides the airline industry). Apply the 5 forces to your chosen industry and demonstrate how those forces can lower profitability.
Suppose that you are in the short-run and the production function for your firm is given as: F(L,K)=K1/2L1/2 Also, in the short-run capital is fixed at K=16. You also know that the wage rate for workers is w=10, the price of capital r=20 and that the..
People are lured by the idea of 50 mile per gallon vehicles which still perform well also are willing to pay the high prices to get one.
Does that face help explain why such governments would rather subsidize an industry’s export sales than its sales in the domestic market?
Compute the value of the Keynesian spending multiplier for transfer payments. Give the amount of the change in the equilibrium level of Real GDP due to a $6 increase in unemployment compensation.
How can a compensation scheme designed to enhance worker motivation lead to this result.
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