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Write an 1800 word paper where has to pic one product within the top imported category and the top exported category of the United States. The paper should explain the following:
1. How the process of globalization in trade of your good been eroded through regional and multilateral agreements. You should identify the extent to which barriers have been eroded through these agreements as well.
2. What alternative forms of protectionism wuld benefit your good?
3. What are the current tarrifs and non-tarrif barriers of your good?
4. What country ( or countries ) is identified as the countr of origin?
In addition to answering the previous questions, you should also include a visual o each of your products.
As an economist, you have been asked to address a meeting of a group of international professionals to explain the differences between microeconomics and macroeconomics and to provide real-world examples.
saving exceeded investment and the government is running a balanced budget. What is likely to happen What would happen if the government were running a deficit and saving were equal to investment
Explain why does the burden of sales tax fall completely on consumer when the price elasticity of demand is perfectly inelastic; the seller when perfectly elastic. and the prefect inelastic supply and perfectly elastic supply.
Suppose the Federal Reserve lowers its target for the federal funds rate six times in seven months while the European Central Bank leaves its target for short term interest rates unchanged.
Expalin how are the current real stock of money in the U.S. and real interest rates computed.
Decline in the marginal propensity to consume by -.3 (i.e. MPC = 0.5: people consume half of their income). What is the new value of aggregate income?
Illustrate the following situations using supply and demand curves for money. No graph needed only state what will happen to the supply and/ or demand curves for money and what will happen to the equilibrium interest rate.
Elucidate the difference between a monopoly and an oligopoly, and a cartel. Provide an example of a monopoly, an oligopoly, and a cartel. Describe the welfare effects of monopolies and oligopolies.
Compute the implied arc price elasticity of demand. Is a further price decrease warranted.
Dani Rodrik argues that democratically elected governments, not international finance, should be the ultimate source of discipline for national economies. Others say that democracy itself is the problem.
Economists classify production functions as possessing constant, decreasing or increasing returns to scale. Yet, from a cause-and-effect point of view, it is not readily apparent why decreasing returns to scale should ever exist. That is, if we du..
Elucidate three arious ways in which the Federal Reserve would change the money supply.
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