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You are the manager of a small U.S. firm that sells nails in a competitive U,S. market (the nails you sell are a standardized commodity; store view your nails as identical to those available from hundreds of other firms). You are concerned about two events you recently learned about though trade publications:
(1) the overall market supply of nails will decrease by 2 percent, due to exit by foreign competitors;
(2) due to growing U.S. economy, the overall market demand for nails will increase by 2 percent. Based on this information should you plan to increase or decrease your production on nails? Explain.
Its the spring of 2002. You are an economist on President Bush's council of economic advisors. Congress is considering legislation, called the "2002 Farm Bill," that would increase subsidies to US farmers.
Determine what Can George Steinbrenner and the Yankees Teach Us About Economies and Diseconomies of scale?
What is the marginal product of labor and What weekly economic rent does Dave receive from being an economics instructor and also describe law of diminishing marginal product
Analyze the effects of trade theories, policies, and interventions on countries and multinational organizations and interpret the effects of macroeconomic variables on multinational organizations
Calculate Jill's economic profit and what makes economic profit different from accounting profit and find the profit- maximizing price and quantity in each market.
Suppose there are two countries in the world, U.S. and Japan. If the Fed wants to fix the exchange rate, the Fed can buy U.S. dollar/sell Japanese yen to prevent dollar from depreciating. Therefore, if the Fed wants to prevent dollar from apprecia..
Terrorist attacks foster instability and may affect productivity over the short and long term. Do you think the September 11, 2001, terrorist attacks on the World Trade Center and the Pentagon affected short- and/or long-term productivity in the U..
International capital movements can bring major gains both to the lending or investing countries and to the borrowing countries, through intertemporal trade and through portfolio diversification for the lenders/investors
Why can't all the balance of payments accounts be in surplus What factors determine the demand for British pounds in foreign exchange markets? How are exchange rates determined under a flexible exchange rate system
Company A manufacture cement sifters. The process includes melting of metals and chemicals which give sifters strength. In the manufacturing process, waste is produced and released into river that runs alongside of the plant.
Fred Smith of Dodge City Bank has received many loan applications from local small businesses. The applications are supported through many documentation, including the business plans of the companies.
Discuss the advantages and disadvantages of free international trade and imagine that you are Minister of Finance in a country which is in the middle of a recession. Discuss the economic policies that you can implement to impro..
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