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"The Wrong Side of Globalization" by the Nobel Prize winning economist, Joseph Stiglitz - originally from Gary, Indiana. How does he characterize trade agreements? Here he is focusing on the potential impact of TPP. According to Stiglitz, who benefits and who loses from this type of trade agreement? 2. Is coordinated, transnational collective bargaining a good idea for unions and workers? If so, how should it be promoted? In addition to the information in the Textbook, I have attached articles, "Unions Gone Global," and "Global Unions" as references to this issue.
Briefly describe the new trade theory. Tariffs are the oldest instrument of trade policy. Which of the following statements with regard to subsidies is true?
What would happen in the market for loanable funds if the government were to decrease the tax rate on interest income? Suppose you put $500 into a bank account today. Interest is paid annually and the annual interest rate is 8 percent. The future val..
Consider the timing: The incumbent chooses whether to invest; then the entrant observes the incumbents investment decision; then the firms compete in prices. Show that in subgame perfect equilibrium (SPNE) the incumbent does not invest.
MICRO: Consumer Theory: Against the background of an increase in the tax rate imposed on wage income, explain how the concepts of income and substitution effects may be used to analyse the labour supply response of an: Individual who is already worki..
Describe the functions of money and consider the U.S. dollar as an example. Although the U.S. dollar has little or no intrinsic value, why do people want it so much? Can you think of other example of things that act as money in our society?
If the Fed lowers short term interest rates by 1/2% but investors believe this is just a temporary reduction which will only last a few months, and therefore their expectations of future short term interest rates remain unchanged, what will happen to..
A diminishing marginal rate of substitution implies that indifference curves are
A firm in a competitive industry faces a market price for output of $20 and a wage rate of $500. At the current level of employment (50 units of labor), the marginal product of labor is 30. In order to maximize profit, the firm should
Select an organization with which the team is familiar. Write a 600 word paper in which you include the following: What are expectations regarding the strength of the economy in the next 2 years? Make recommendations for your organization regarding h..
State two ways the labor supply curve shifts to the right. Explain how each way impacts the equilibrium wage, equilibrium full employment, total output, productivity, and standard of living in the economy?
Your company must make a $750,000 balloon payment on a lease 2 years and 9 months from today. You have been directed to deposit an amount of money quarterly, beginning today, to provide for the $750,000 payment. The account pays 8% per year, compound..
A representative of the Environmental Protection Agency (EPA) wants to select samples of 5 landfills. The director has 10 landfills from which she can collect samples. How many different samples are possible?
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