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International trade has pros and cons. Economists generally support free trade. International trade has played a significant part in promoting economic development and technology transfer among countries. There are also various arguments in favor of restricting international trade: protecting jobs, defending national security, helping infant industries, preventing unfair competition, and responding to foreign trade restrictions.
1. What is the impact of free trade on domestic job creation policy? Elaborate with examples.
2. What the impacts of outsourcing and off-shoring on trade liberalization (globalization) and economic structure?
3. What are the pros and cons of importing cheap goods and services?
Discuss, using examples and academic references, the statement that perfect competition gives an optimal allocation of resources but that the existence of scale economies may make perfect competition impossible.
assignment is to economically analyze that product. prepare a powerpoint presentation of 3 slides that answers the
Structures and Functions of Financial Institutions
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Suppose you are the manager of a watch making firm operating in a competitive market. Your cost of production is given by C = 200 + 2q2, where q is the level of output and C is total cost. (The marginal cost of production is 4q; the fixed cost is $20..
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