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Paddy's Pub was planning to have a street party to celebrate St. Patrick's Day. They contracted to buy 2,000 kegs of beer from Moe's at $50 dollars per keg. When the beer arrived it was found to be flat and Paddy's rejected it. Paddy's Pub could not find another source to buy the same beer for the same price. Paddy's was forced to buy the beer from another source at $55 per keg. What are Paddy's Article 2 damages?
China and Japan have two factors of production, land and labor. Both nations manufacture two products, corn, which requires more land, and computers, which requires more labor.
Where (i.e., what industries, countries, regions) the problem will affect the most When the problem started and how long it took for it to become a serious threat to garner the nations attention Whythe problem was allowed to develop and materialize i..
Explain and assess how international law has addressed matters of trade, human rights, and the environment. How have these efforts contributed to developing or retarding the construction of global civil society?
Discuss and describe the difference between absolute advantage and comparative advantage. Determine the significance of each in international trade processes?
Suppose the PRE government offers Exportian "stuff" producers an export subsidy of $3 per unit. In addition, the government imposes a tariff of $3 per unit on imports of "stuff". Calculate the price paid and quantity demanded by Exportian consumer..
Assume that the government wishes to rise Social Security taxes by $1 per hour of work and is undecided between rising the tax on employees and rising the tax on workers.
Discuss why would a nation impose a trade embargo on another nation and what are a trade embargo's typical effects?
Discuss and explain the optimal method for procuring a modest number of standardized inputs that are sold through several companies in the marketplace.
Suppose that France and Denmark both produce oil and olives. Frances's opportunity cost of producing a crate of olives is 4 barrels of oil, while Denmark's opportunity cost of producing a crate of olives is 7 barrels of oil.
The world economy retrenched in wake of a global financial crisis. Did globalization of capital markets contribute to this crisis? If so, what can be done to stop global financial contagion in future?
Determine which of the following transactions would contribute to a United States current account surplus and why?
Suppose you are the Economic Advisor to the President of the U.S. Your task is to make a framework for economic policy and issues. During one of your briefing sessions in the White House,
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