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1. How can tariffs, quotas, export taxes, and subsidies be justified? Can you cite an example of where they are be used in today's global economy?
2. What are the side effects of import duties? Can you give an example of how a country pays a price for imposing import duties?
3. Worldwide, there are 150 regional free trade and customs agreements. The U.S. is party to only three. Discuss the history of U.S tariff policy.
If there is a shortage of vaccine in the city, whom should we vaccinate first—the elderly or the very young? (Assume that a person from one group has an equal likelihood of dying from influenza as a person from the other group.)
Why are some countries today much poorer than other countries Are today's poor countries destined to always be poorer than today's rich countries If so, explain why. If not, explain how today's poor countries can catch or even pass today's rich co..
In Peru each worker can produce 30 bushels of corn per year, while in Colombia each worker can produce 40 bushels of corn per year. This implies that Colombia should specialize in corn production when trade is opened up between these countries.
In the late 1990s, several East Asian economies had their currencies pegged to the U. S. dollar. Suppose there is an economic boom in the United States that leads to an increase in U. S. interest rates.
Briefly discuss the advantages or disadvantages of buying imports versus buying domestic products in relation to the fashion industry.
China's central bank will raise its reserve ration requirement by a percentage point to a record 17.5 percent by June 25, stepping up a battle to contain lending growth. The increase will freeze up about 422 billion yuan of funds, equivalent to 9..
Economic fluctuations (or business cycles) are fluctuations in the level of economic activity, relative to a long-term growth trend. Comparing and contrasting the economic fluctuation the United States has experiences from 1990 to current date.
According to the New York Times (November 18, 2006), the number of car producers in china is increasing rapidly. The newspaper reports that "china has more car brands now than the United States But while car sales have climbed 38 percent in the fi..
Suppose that economic growth is slower in the U.S. than in its trading partners. Given a system of floating exchange rates, will the impact of this growth differential be for US with respect to exports and the value of the dollar?
Economists generally use Porter's 5-forces framework when making a qualitative evaluation of a company's strategic position. According to Porter, his model should be used at industry level,
SUPPOSE THE WORLD PRICE FOR STEEL IN BELOW THE U.S. DOMESTIC PRICE, BUT THE GOVERNMENT REQUIRES THAT ALL STEAL USED IN THE U.S. BE DOMESTICALY PRODUCED. A. USE A DIAGRAM TO SHOW GAINS AND LOSES FROM SUCH A POLICY.
For each of the following state a) if the demand or supply curve will shift left or right, (b) the effect on the exchange rate, and (c) if it is a long, medium, or short run effect based on the supply of and demand for the Canadian dollar by the U.S...
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