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Please review Trade and Growth PowerPoint posted under Modules/Week 2 and answer the following questions:
1. What are the major strategies for economic development?
2. What is the Dutch disease?
3. What are the features of U.S. MNCs?
4. What is the difference between brain drain and brawn drain?
5. What are the types of technological change?
The poorest countries in the world have a per capita income of about $600 today. We can reasonably assume that it is nearly impossible to live on an income below half this level (below $300)
Suppose the Lexington mayor caps the amount police can ne speeding motorists at $500. The police vow to step up enforcement in order to cintinue to deter speeding. How high must the probability of being caught speeding be in order to deter most pe..
Why do you think the stock market has performed or offered higher return than the bond market in the last 30 years? Why do you think gold is dong so well recently? Briefly discuss
What were the major forces behind urban growth in early United States history? What influence did urban growth have on urban concentration and population density?
Describe how macroeconomics is involved in health care reform plans. Compare how access, quality, and cost are components of the U.S. and European health care reform plans
In a two input – one output production model, what are the profit-maximizing conditions, in a general equation form? What does each side of the equation represent?
Ford executives announced that the company would extend its most dramatic consumer incentive program in the company's long history-- the Ford Drive America Program. The program provides consumers with either cash back or zero percent financing for..
It is often suggested that the Bank of Canada try to reduce the inflation rate to zero. If we assume that velocity is constant, does this zero-inflation goal require that the rate of money growth equal zero.
Assume you have a negotiation between Management and Labor concerning Labor wages. Management and Labor do well when they each do the opposite of what other does.
I expect a payment of $104 one year from now. My discount rate is 4%. What is present value of the payment to be recieved? How much if 5%?
Suppose the market for autoworkers is in equilibrium when the automakers purchase capital goods to produce more fuel efficient automobiles and these capital goods are a substitute for workers. What happens in market for autoworkers?
Assume that, over time, engineers develop new residential furnaces that can run on different tpes of fuels, e.g., natural gas, electricity, propane, and fuel oil, simply by flipping a switch on the furnace.
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