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1. What is foreign aid and what is the goal of foreign aid? Does foreign aid promote economic development? Explain briefly.
2. How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs? Explain. Who are the winners and losers from trade restrictions? Given that trade restrictions impose losses on an economy, why are trade restrictions so common?
3. Describe developing countries and how they differ from industrial market economies. How can international trade aid development? In what ways does the international economy impose problems on developing countries?
4. Why can't all the balance of payments accounts be in surplus? What factors determine the demand for British pounds in foreign exchange markets? How are exchange rates determined under a flexible exchange rate system?
5. How did the Bretton Woods system operate? What caused its collapse? Some think the current system of managed but floating rates is too unstable. What would generate the instability?
1.Graphically illustrate and explain why a fixed exchange regime without foreign exchange controls is incompatible with inflation targeting.
In forecasting, MacDonald's Wing® discovered that when it opened its store to the public, it was able to sell 5,000 parachutes in the first year. Given the equation; y=a+bx. Where 'y' represents the number of sales and 'a' is the number they s..
"A shift outward in the demand curve always results in an increase in total spending (price times quantity) in a good. On the other hand, a shift outward in the supply curve may increase or decrease total spending."
underwriting by investment banking firms involvesa. insuring the life or health of individuals.b. guaranteeing a price
Why are banks currently keeping large quantities of excess reserves? What are the monetary policy implications of banks keeping large quantities of excess reserves? In particular how does it change the efficacy of open market operations?
question 1. after 35 years working as a practicing economist you decide to retire. to stay somewhat productive during
Estimate the monthly payment if the car is purchased with a $15,000 down-payment and estimate the down-payment required to keep the monthly payment at $550
explain why the optimal level of pollution is not zero. according to an epa study the health hazards of superfund sites
A firm uses two plants (A and B) to produce the product. The plant's marginal cost functions are given by the following equations:
explain how the circular flow diagram relates to the current economic situation. using the circular flow diagram
Which firm did the Treasury allow to fail during the financial crisis?
It is mentioned that Whirlpool provides three different types of appliances that vary in the amount of features that are offered. Discuss the product differentiation across these types. How could this affect production costs negatively? Positively? W..
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