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You make friends with a foreign exchange student for Conmetal, a third world island nation located off the coast of Argentina. In Cozmetal labor unions are illegal, and anyone caught trying to organize the workforce of any commercial enterprise is flogged to death in the public square with a cat-o-nine-tails adorned with darning needles. Your friend is amazed by the working conditions American workers enjoy. Your friend asks you why American employers are so kind, loving, and concerned for the well-being of their employees. In Cozmetal employers and the government are only concerned with maximizing profits for the companies. Discuss what you tell your friend about
A. The history and development of the American labor force.
B. The effect that history had had on the development of the U.S economy
C. Why the U.S. has a middle class and Cozmetal does not
D. The role organized labor has played in the development of the U.S. economy
E. What might happen if the U.S. outlawed labor unions?
Assume that under the Bretton Woods system, dollar is pegged to gold at a rate of $35 a ounce and pound sterling is pegged to the dollar at a rate of $2 = £1.
Nation X's production possibilities frontier is given through the following table, Further suppose that the each country is currently manufacturing and consuming at Point C on its production possibilities frontier.
Focusing on the production of a nation other than the US. Determine what is currently going on with the Canadian Automotive Industry and explain why is this important?
Create a written analysis of potential chances and threats based on your understanding of economic and trade summary in each of your two selected markets.
In your own words, summarize the United States Budget. What is the largest source of revenue for the U.S. government What is the largest expenditure for the U.S. Do you think these budget priorities are correct Explain.
A Company is offered trade credit terms of 2/8, net 45. The company does not take the discount, and it pays after 58 days. Determine the effective annual cost of not taking this discount?
Can today's dynamic low-income countries break through the past structural and institutional barriers - causes for success and economic conditions
Many factors discuss the supply and demand for labor. Identify and describe two factors that would increase or decrease the demand for labor.
JetSet Travel, has been hugely successful in the distribution of stylish, comfortable shoes for travel. JTI sells its items to approximately 4000 retail accounts in the U.S. and a mix of independent distributors,
Assume that 2-people, Michelle and James each live alone in an isolated region. They each have the same resources available, and they grow potatoes and increase chickens.
Why resources are no longer the most important indicators of economic growth disparity among countries? Which other economic and non-economic factors do you think explain the reasons behind growth disparities among countries?
Assume the value of the French Franc in terms of dollar is 50 on October 12 , and 44 on October 17. Determine the Franc appreciated or depreciated against the dollar?
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