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Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences. What are some examples of goods that the U.S. has comparative advantage in producing? Take a look at the tag of the shirt/dress/pants you are wearing today. Where was it made? Anyone wearing made in America items of clothing today? We sometimes hear people say Buy American." Why don't we? What is the basis of international trade? What are the benefits and the costs? Under what conditions would you advocate for trade restrictions?
A piece of research equipment is expected to require an investment of $18,000, with $6,000 committed now and next year $7000 while the remaining $6K will be pay out at the end of year 2. Annual operating costs for the system are expected to start in ..
Graph the labor market with efficiency wages. Give a reason why firms would want to offer efficiency wages. Does the presence of efficiency wages increase or decrease the natural rate of unemployment?
Suppose you are the main negotiator between your company and retailers carrying your company's line of dairy products. Your company is attempting to introduce a new brand of Greek yogurt, and it is your responsibility to negotiate agreement between y..
The respective forecasts were 120 for all four years. Illustrate what is the resulting MAD value that can be computed from this data.
during the winter of 1973-74 a general system of wage and price controls including a price ceiling on gasoline was in
Elucidate what is the present discounted value of the cost of the car if you use GM's interest-free financing
first-time homebuyers creditin 2009 as well as 2010 the us government instituted a program where all first-time
These options also sell for $3 each. Strategy C is to establish a zero-cost collar by writing the January calls and buying the January puts.
1. in which market model would there be a unique product for which there are no close substitutes?a. monopolistic
Suppose that firms are NOT owned by consumers.than what is the value of that maximizes total consumer well-being?
illustrate the effect of capital formation by comparing the product posibility curves,at the present time and ten years in the future for two economies,one with a high and the other with a lowrate of capital formation.
Skyscraper City has a subway system, for which a one-way fare is $1.50. There is pressure on the mayor to reduce the fare by one-third, to $1.00. The mayor is dismayed, thinking that this will mean Skyscraper City is losing one-third of its revenue f..
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