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1. What did von Mises and the Libertarians feel was the greatest flaw of socialism?
2. What happened in Austria and Germany as a result of wartime reparations? Why?
3. After the US stock market crash of 1929, "the government failed to halt the downward spiral. In fact, it made it worse." Explain.
4. What effect did The General Theory of Money, Employment, and Interest have on the US economy? Explain.
5. How did Keynes influence John Kenneth Galbraith, and what did this mean to US government policy?
Suppose payments are made at the end of every year, determine the annual payment required to retire a $50,000 loan with a term of 5 years and an interest rate of 10 percent;
Greece has few workers per unit of land while France has many workers per unit of land. Steel is labor intensive and rice is land intensive. According to the long run Heckscher-Ohlin model. The price of land use in Frances steel industry.
In 2006, U.S. output was $14 trillion and Chinese output was $3 trillion. Suppose that from now on, the output of China grows at an annual rate of 9% per year, while the output of the U.S. grows at an annual rate of 3.5% per year. a. How many year..
Wealth in the United States has grown steadily. If wealth were the only factor affecting currency demand, what do you expect would have happened to the currency-deposit ratio over time
Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them and staff them with employees In many smaller cities all McDonald's outlets are owned by the same franchisee.
Explain the activities of multinational corporations (MNC) by applying the classical trade theory and analyze the welfare effects of trans-border flows of labor (migration)
Describe the difference between comparative advantage and absolute advantage.
Analyze news from a global newspaper delivering a report that could be useful for your company to take a managerial decision.
Global marketing managers must understand economics and trade rules of countries and regions within which they trade.
What industries in the U.S. now have trade barriers and what is Foreign Direct Investment (FDI)? Provide an example of how the U.S. is involved in FDI.
For example, if the U.S. sold cars in Japan in addition to Japanese cars being imported into the U.S., that would be cross-hauling. Trade statistics show that many commodities are cross-hauled.
If so, describe what impact this might have on (1) U.S. balance of payments, (2) Chinese balance of payments, (3) relative competitiveness of Mexico and Thailand, (4) firms such as Wal-Mart, and (5) U.S. and Chinese retail consumers.
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