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1. Discuss the effect of wage, rate changes and exchange of rate changes.
2. Explain why a change in the distribution of income in a country can change the shapes of the community indifference curve for the country. (page 82)
3. Explain the difference between the "gains from exchange" (consumption gain) and the "gains from specialization'' (production gain) Page 98
4. Why is an increase in the number of varieties of a good regarded as a gain from trade? Can you think of economic disadvantages associated with greater product variety? Explain.
5. Explain why a country's use of preferential duties is inconsistent with MFN treatment of trading partners by that country.
6. Do you think that it is ever possible to obtain a good indication of a precise degree of protection accorded by a country to its import-substitute industries? Why or why not? (Remember that, in addition to tariffs, protection is also provided by various non-tariffs barriers.)
imagine that guatemala which borders mexico to the southwest has been invited to join nafta. discuss the most likely
The World Bank is currently advising newly industrialized countries on how to encourage growth and they have asked for your help. Which of these methods of encouraging growth would you suggest for the typical company in Hong Kong and Singapore?
Assume that your shareholders have only United States stocks. Would you expect an overseas investment to have above or below-average risk for them?
Can Lesotho afford an independent monetary policy?
q.1 a. if there is a rise in relative price of cloth how can both industries reduce relative use of l to k while
Suppose that the corn production needs only land and can production requires only labor. The US can produce either seventy kilograms of corn or 100 cans in an hour.
You have been asked by the CEO of a major Australian Bank to advise them on their strategy formulation for International expansion - The markets that they are currently assessing for entry are France, Brazil and Korea.
Many people say yes that government's role in free market economy should be limited, the degree of appropriate government involvement is contested.
Examine any foreign currency of your choice (preferably one from an emerging market), and provide analysis of that currency against the U.S. dollar over the 5-year period ending with 2010.
Does farming in the United States have the characteristics of perfect competition How does perfect competition in the farming industry help farmers and consumers or Hurt farmers and consumers
With the various sectors fighting each other in order to influence Japanese policy-makers, what is likely to happen to the yen and why was the yen strengthened even though the Japanese economy has been in a very sluggish growth pattern for a decade..
Describe the meaning of efficient markets. Why might we expect markets to be efficient most of the time?
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