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In the 1992 presidential elections, Ross Perot was speaking of NAFTA, which both of the other candidates (George H.W. Bush and Bill Clinton) supported. He made the statement about NAFTA ‘that giant sucking sound you hear will be your jobs being sent to Mexico.' Was he correct in his statement? Use information from the book and at least two internet sources to support your answer. In your opinion, was he correct to oppose NAFTA? Why or why not?
There are many more sole proprietorhips than corporations or partnerships. Why are there so many sole proprietorships Why is the revenue of the average sole proprietorship less than that of the typical corporation
An investment of $100,000, increased to $168,510 over a 5 year period. What was the rate of return on the investment?
Suppose you are the manager of College computers, a producer of customized computers that meet specifications needed through the local university.
What role should our government play in Price Ceilings?
Suppose also that her utility function is given by the equation u(M, P) = 2M + P. What combination of meat and potatoes should she buy to maximize her utility? (Hint: Meat and potatoes are perfect substitutes.)
A growing number of businesses' including videogame developers, cigarette companies, soft drink producers, liquor marketers, and fast food chains are feeling the heat from government, the press, and society at large for encouraging harmful consume..
The underlying trend of growth in the economy is determined by the growth in the number of workers, the growth in the savings and investment rate.
Determine the effects on American wages and purchasing power of continued outsourcing of labor overseas. Find some of the reasons for these trends.
How much will firm 1 earn if it convinces the mayor to decrease the medallion fee by $40,000 (F = – $40) so that the medallion fee is entirely eliminated?
Evaluate how well the design of the First IB web site meets the needs of a potential small business customer. Discuss the elements of the site that work particularly well in meeting the needs of this type of site visitor.
What is the short run shut down price for each firm and how does this short run shut down price differ from the long run shut down price?
In which of these markets would the firms be facing the least elastic demand curve?
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