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1) The term "globalization" is increasingly being used in the study of international relations and international political economy. Increasingly, also, there are debates surrounding the definition of the term and the extent of relevance in the global economy. Discuss.
2) Often it is argued that technology is the critical driver of globalization. What is the nature of this argument? Do you agree, disagree, or wish to amend or to reframe? Why and how?
3) What are the major economic justifications for state intervention used by mercantilists and what are the major types of problems with state intervention as they pertain to international political economy?
Julie consumes food (F) and clothing (C) with a utility function of U(F,C) = FC. PF= 1 and PC=2. Julie has a total of $12 to spend on food and clothing. For all graphs, put food on the x-axis and clothing on the y-axis. a) What is Julie's margi..
Job A pays $30,000 a year. Job B is completely identical in all aspects except it is located in an area that has a 10% higher cost of living. In order to compete, Job B would need to pay. This is known as a 2. Explain the difference between ..
Discuss John Maynard Keynes' contribution to the theories of Macroeconomics. Why was he such an important economist.
Assume the government proposes to cut taxes while maintaining the current level of government expenditures. To finance this deficit, it may either.
Suppose Firm Y's production function is given by the following Cobb Douglas equation
World Class Manufacturing Operations has enjoyed rapid increase in sales & high operating profits. But now the firm faces potentially fierce competition from a large number of competitors as WCMO's important basic patents expire during the coming yea..
Discuss and explain the reasons why net income for a particular period does not necessarily reflect a firm's cash flow during that same period.
Explain is low stable inflation also deflation better for the economy.
As a manager of a financial planning organization you have two financial planners.In an hour a person can produce 1 statement or answer 10 calls.
Suppose a small city dry-cleaning market, which is monopolistically competitive. Currently, the typical dry-cleaner is charging $5 an product.
What is the amount of the difference between the maximum premium and AFP, and what is this called?
1. Please indicate whether you agree with the following statements in italics, and explain your answer: (a) Failure to recognize the Cellophane Fallacy may result in defining an overly narrow market in cases involving alleged anticompetitive behav..
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