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Problem: In China many farmers have switched from producing rice to producing vegetables and fruit because they can earn a great deal more money from these specialty crops. Within China there are some who applaud this change, but others worry that China soon may become dependent on rice imports. Even with the low cost of Chinese labor, does the fact that China is importing rice suggest that other countries now have a comparative advantage in rice production?
First, choose one (1) of the essays from the "Issues Facing the International Community" listed in the "Supplemental Readings" section of the course lessons. Then, let the reader know why you chose this particular essay. Does this essay discuss an is..
Assume that the Cobb-Douglas production function for a beer manufacturer is q = 1.52 L0.6 K 0.4. Calculate the average fixed cost.
Discuss characteristics of integer programming problems. Select one (1) of the following topics for your primary discussion posting.
Why is comparative advantage significant in international trade? Identify the exchange rate that equalizes the prices of internationally traded goods across countries and briefly discuss the major functions this exchange rate serves.
Does this welfare program change the selection of the immigrant flow? In particular, are immigrants more likely to be negatively selected than in the absence.
What was the initial Paulson's bailout plan? What is the current plan? How is government going to use $700 billion under the current plan?
What is a government budget deficit? How does it affect interest rates, investment, and economic growth
Duties imposed by the U.S. government on imported Chinese frozen and canned shrimp are an example. The U.S. has limits on Chinese textile imports. Such limits
what would have been the marginal opportunity cost of increasing the annual output of wild oats by 200 bushels, from 300 bushels up to 500 bushels?
A firm manufactures and sells high quality business priters and ink toners. Each printer sells for $650 and each toner for $100. The average user keeps the priter for 5 years and consumes 4 toners every year. in response to a recent significant drop ..
Analyze the different stakeholders that are involved in the externality, and identify what their roles are with regard to the externality.
Suppose instead that output begins at its natural level and that output growth remains constant at the normal rate of 2%. How will the debt-to-GDP ratio change over time?
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