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Discussion
Topic to be used is "The Lost Decade" MUST be 150-200 words and properly cited:
David Ricardo was the first economist to elaborate the theory of comparative advantage in his book On the Principles of Political Economy and Taxation. Ricardo wrote:
Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole . . . It is this principle, which determines that wine shall be made in France and Portugal, that corn shall be grown in America and Poland, and that hardware and other goods shall be manufactured in England. (1817, p. 188)
Read more at On the Principles of Political Economy and Taxation
Think about the 10-year historical period you chose for your final project. Identify trade policies of the time and discuss the following points:
• What are the main goods and services the United States traded internationally?• What trade barriers were in place during that decade?• What are two pros and two cons of the trade barriers used?
State the commodity in which each country has absolute advantage and Identify the commodity of comparative advantage for each country
Visit the link above to find your state's unemployment rate. Then visit This Week in Business News to find the Inflation Claculator. Do the little Inflation Calculator exercise that has have been set up.
Two ways in which sectionalism caused conflict or tension in the United States during the early 1800s.and explain how sectionalism affects economics and politics in the United States today.
Interest Rates and ATM Trips.Carlos, who lives in a country where interest rates are very high, goes to an ATM every day to get $10 of spending money
You expect to receive a payment of $104 one year from now. Your discount rate is 4 percent. What is the present value of the payment to be received. Suppose that the discount rate is 5 percent.
a local hardware store is trying to decide whether to stay open. they have found that their industry is extremely
What is the meaning of Differed revenue expenditure? Give an example to justify your answer.
The market demand is given by Q=320-8P. Monopolist's MC=10. a. Calculate the profit maximizing monopoly output and price. b. What is the Lerner-Index of market power for this monopoly
Imagine you are a consultant hired to give advice to a fast food restaurant which is faced with employees asking for a 25% increase in pay. In order to give good advice, you need more information. Create three to four (3-4) questions that you woul..
1. Which of the following industries comes closest to the model of perfect competition?
Why is China successful in exporting electronic goods? Compare private foreign investment with government investment in a hotel as alternative development strategies.
The decisions of the World Trade Organization in particular have been the subject which has much criticism.
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