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While referring to the "EYE on YOUR LIFE" section on page 467 of the textbook, consider the trade policies that serve our self-interests and what best serves the global social interests. Base your answer on the economic concepts you have learned in this course.
For example, as U.S. consumers, we are the "winners" in globalization, which has brought iPods, Wii games, Nike shoes, and a wide range of other products to our shops at low prices. However, the big "losers" of globalization include the U.S. textile workers and furniture makers whose jobs disappeared overseas. Other "losers" include the African farmers whose crops were blocked by trade restrictions and subsidies in the United States and Europe.
What global social interests or responsibilities, if any, do we have as consumers to the losers of globalization? Discuss and justify your postings and responses with other students in our course.
Determine the policies that Keynes and Hayek advocated regarding how federal government should manage the economy. Discuss the major differences between each school of thought?
Analyze and describe the impact of the different forms of regional trading arrangements on international trade.
It has been estimated by the United States International Trade Commission that Japanese automobile import restrictions during 1980s
Suppose the Fed has already make a decision that it wishes to target the money stock. Will the Fed come closer to its target by setting the interest rate at a given level, or will it do better by fixing the money supply through open market operations..
Assume you wish to start a business in an area in which a natural crisis has recently occurred. How would you decide which kind of business to start?
Let us determine what happens to exchange rate between the U.S. and imaginary country of Oz. The ruler of Oz is a totalitarian wizard. Since the economy of Oz is centrally planned
Understanding of the ideaof learning curves and how a learning curve applies to specific business specialist. discussion on the concept of learning curve and how it applies to accountants and marketers.
Discuss why are manufacturers’ new orders, nondefense capital goods, an appropriate leading indicator and explain w hy is the index of industrial production an appropriate coincident indicator?
Choose a United States multinational corporation. In terms of currency denomination, explain how the company prices its revenues and costs.
Many people say yes that government's role in free market economy should be limited, the degree of appropriate government involvement is contested.
Doug Wyatt is a currency trader for Global Currency Exchange Corporation Wyatt has compiled the following data concerning the U.S. dollar or Australian dollar exchange rate.
Its the spring of 2002. You are an economist on President Bush's council of economic advisors. Congress is considering legislation, called the "2002 Farm Bill," that would increase subsidies to US farmers.
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