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What exactly is up for debate in “The First Globalization Debate,” in which Goodwin explores competing ideas in Defoe’s Robinson Crusoe and Swift’s Gulliver’s Travels?
Briefly explain the economic logic underlying arguments for a globally integrated economy, where integration refers broadly to the global production and consumption of commodities.
List and explain two critiques of the economic logic - the theory - underlying arguments for a globally integrated economy.
List and explain two critiques of the actually-existing “globally integrated economy,” linking one critique to Made in India and the other critique to Mardi Gras Made in China.
Suppose that in response to a foreign crisis, the government increases defense spending by $50 billion. How would the increase in defense affect the economy? How would the effects differ depending on the size and sign of the output gap when the cr..
The market for beer is perfectly competitive. The price of a barrel of beer is $40. Fine Beers is a company that produces the beer and has total cost function of TC = 480 + Q2 (Q squared). It also has a marginal cost given by MC = 2Q, where Q is barr..
Illustrate what is the economy's MPC? It's MPS. Illustrate what was the APC before the increase in disposable income.
You are going to make payments of $100 each year for the next 15 years. For the first five years (1-5) the interest rate is 8% yearly. For years 6-10 the rate is 8% compounded quarterly. For years 11 – 15 the interest is 8% compounded monthly. What i..
What is opportunity cost of producing one more bushel of wheat in US. Which country has a comparative advantage in winter hats.
A forward premium for a given currency (say the nominal bilateral exchange rate value of the dollar where S = 80 yen/1 dollar = 80) occurs when the value of the currency as given by the forward spot rate appreciates such as S = 85 yen/1 dollar = 85. ..
Write-down your own, or an imaginary person’s balance sheet. It should include assets (textbooks, etc.) and liabilities (student loans of at least $100, Money you owe to a friend, etc.). Don't forget to include net worth. [No need to write a long bal..
In the typical signalling model, it is assumed that the costs of acquiring an education are higher for low-ability than for high-ability workers. Suppose that the government steps in and subsidizes low-ability workers for the higher costs they incur ..
Was the Italian Renaissance a significant break with the past? Explain why or why not with reference to specific examples of change or continuity from one area of cultural activity (ex: politics, art, architecture, literature, medicine or science).
Generate options for solving the problem in the scenario. Evaluate the options for solving the problem. Decide on the best option for solving the problem. Explain how you will implement the decision made and reflect on whether this option was the mos..
AMS recently instituted an in-house recycling program. The benefits of this program include not only the benefits to the environment of recycling but also the goodwill generated by AMS’s leadership in this area. What level of Q maximizes net benefits..
Using a graph explain the welfare impact of export subsidy on domestic consumers, producers, government, and national welfare in a) a small country b) a large country
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