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In order to form a common market or an economic union, the participating countries would need to reduce their traffis and quotas, but what else specifically would they have to agree to do?
What happened to the Leontief paradox when human capital embodied in U.S. exports was accounted for as a separate factor of production? Does this help to explain why college graduates might favor international trade more than those with significantly..
Using the four scenarios, discuss each and choose periods when each scenario has occurred in the U. S. or other countries: higher interest rates, more capital invested. Graduate level response please. (500) with at least two bibilographies for review..
Assume that there are only two firms in an industry – a home firm and a foreign firm – and that the firms are competing in third-country markets. Explain a “reaction function diagram” for the two firms, including the definition of a “reaction functio..
With reference to the theories of Schumpeter, and the activities of one or more real world entrepreneurs during the last decade, explain how entrepreneurship can be either productive or unproductive (/destructive).
q1. consider an investment that will pay 680 per month for the next 15 years and will be worth 28000 at the end of that
One of the most important debates during the Constitutional Convention in 1787 was about the power and size of government. If the Founding Fathers could view the government of the United States today, which side of that debate would think that they w..
Consider this natural extension of stripped down poker game we examined in class. Initially each player puts a dollar in the pot. Then each player is dealt; each player’s card is equally likely to be high or low, independently of the other player’s c..
Classical economists struggled with the "Water-Diamond Paradox" which seeks an explanation for why water (which is very useful) has a low price, whereas diamonds (which are not particularly important to life) have a high price.
Suppose Robina Bank receives a deposit of $53,589 and the reserve requirement is 5%. What is the amount that Robina Bank must keep on hand as required by the Federal Reserve (Fed)? What is the amount that Robina Bank will have in excess reserves from..
Assume that the country is in a period of high unemployment, interest rates are at almost zero, inflation is about 2% per year, and GDP growth is less than 2% per year. Suggest how fiscal and monetary policy can move those numbers to an acceptable le..
Licensing proprietary technology to foreign competitors is the best way to give up a firm's competitive advantage. Discuss whether you agree or disagree with this statement.
Explain what determines the level of income, employment, output and prices in our economy. Do you think current monetary and fiscal policy is working to help the U.S. economy achieve the three economic goals of full employment, economic growth, and s..
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