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State C is a WTO member state and a party to NAFTA. It has made no specific agreements under either GATS or NAFTA as to its road transport sector. Now, two freight companies, one from State D (a WTO member state) and one from State E (a party to both the WTO and NAFTA), wish to provide overland freight transportation services in State C using trucks operating out of terminals in their states of establishment. May they do so? If so, to what extent? Explain.
What are the effects of taxes on price level? Why?. In your opinion, do taxes lead to efficiency or inefficiency?. How does a free market eliminate a surplus?
Discuss which key concepts and topics in this course have made you a stronger candidate to enter the business world.
illustrate what is which industry's marginal revenue as it increases o/p from 1300 units to 2200 units.
To be successful leaders in the global business world of the 21st century, managers must consider economic trends, behavior, and ramifications of economic decisions. Describe how economic theories and principles help you think about economic behavior..
Suppose that the equilibrium wage in industry A is $39,000. Industry B is riskier with workers having a 6% greater chance of dying on the job; the wage in industry B is $59,000. What is the implied valuation of a life year?
Own price elasticity of demand for clothes is -2 and cross price elasticity of demand between clothes and shoes is -0.5. if the store increases the price of clothes by 5%, what will be the change in revenue?
Discuss the advantages of E-Commerce - Discuss E-Commerce and E-Business and how e-business is helping corporates in business.
Compute the approximate elasticity of supply from the following data:
Consider an antique auction where bidders have independent private values. There are two bidders, each of whom perceives that valuations are uniformly distributed between $100 and $1,000. One of the bidders is Sue, who knows her own valuation is $200..
Because changes in interest rates produce substitution and income effects that ________, we can't be sure what happens to _______ if interest rates change.
Suppose you have 5 stocks. In the past week they have changed in the following way: +5,1,+2,3,2. For each of the value functions from the previous problem, determine what the optimal way to bracket stocks into a portfolio to maximize the value.
Explain why standardised products are desirable for international companies, and the circumstances that are likely to prevent its implementation?
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