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Assignment
Use the globalEDGE website to complete the following exercises:
• The World Trade Organization maintains a database of regional trade agreements. You can search this database to identify all agreements that a specific country participates in. Search the database to identify the trade agreements that Japan currently participates in. What patterns do you see? Which region (or regions) of the world does Japan seem to be focusing on in its trade endeavors?
• Your company has assigned you with the task of investigating the various trade blocs in Africa to see if your company can benefit from these trade agreements while expanding into African markets. The first trade bloc you come across is COMESA. Prepare a short executive summary for your company, explaining the level of integration the bloc has currently achieved, the level it aspires to accomplish, and the relationships it has with other African trade blocs.
As a transit planner, your job is to predict ridership and total fare revenue. Suppose that short-run elasticity of demand for commuter rail (over a one-month period) is 0.60, and the long-run elasticity (over a two-year period) is 1.60.
Is this social preference profile single-peaked?
Identify two elastic and two inelastic goods that you have purchased in the last month and explain the main reason why you identified them as such.
Prepare a one page paper that includes your solutions to the table, your recommendation action, and justification supporting your recommendation.
If people hold no currency and travelers checks, banks loan out all excess reserves. What would the new money supply be if the fed purchases bonds worth 1 billion from the public?
Your uncle has almost convinced you to invest in his peach farm. It would require a $15,000 initial investment on your part. He promises you revenue (before expenses) of $1,800 per year the first year, and increasing by $100 per year thereafter. Your..
What, from your point of view, is the optimal contract to offer him? Will salesman give high or low effort under this contract? What will be your profits?
For each event explain how the event would affect price, supply and demand of the product listed two days before Thanksgiving the market has many unsold turkeys.
Do you think the Indians could have driven out the colonizers when the colonists were first arriving in small numbers and why do you think they did not try harder to do that?
This week covered validation and the use of validators. Describe at least two other techniques for validating your document that does not involve submitting it through an online validator.
Do you think Dick Smith is hypocritical in making use of his image of patriotism to brand his products and increase sales, and denigrate his competitors that are predominately foreign owned?
Wheelan writes that "the market is amoral". This means that - The market is willing to produce goods and services that people need. The market is willing to produce goods and services that people are willing to buy
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