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Consider the argument for restricting trade.
a) Imagine that you are a lobbyist for timber, an established industry suffering from low-priced foreign competition, and you are trying to get Congress to pass trade restrictions. Which two or three of the five arguments do you think would be most persuasive to the average member of congress? Explain you reasoning and give references.
b) Assume you are an astute student of economics, although all the arguments for restricting trade have all their short comings, name the two or three arguments that seem to make the most economic sense to you. For each, describe the economic ratinale for and against these arguments for trade restrictions.
Please show references
Social Business Networking and E-Commerce. Select one of the social networking sites for business professionals listed in Insights and Additions box 3.2 in Chapter 3 of your text. Discuss why you believe it has been successful in creating community. ..
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Illustrate what principles should guide policy makers. Should they cut spending and raise taxes to reduce the national debt over time. Or does the level of the national debt really matter.
Consider the market for corn in the United States. Suppose that the mandated percentage of ethanol in gasoline is increased and at the same time a corn blight destroys a significant portion of the corn crop. Using a supply and demand diagram, show wh..
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If the total cost of 20 units of a product is $20, and the total cost of 21 units is $21, then from 20 to 21 units of product the: Marginal cost equals average total cost. Marginal cost equals average variable cost
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Show a point that is impossible for the economy to achieve. Show a point that is feasible but inefficient.
You arranged the subsequent information to use in evaluating the financial feasibility of starting your own agency.
Economists argue about the potential benefits and costs of diversification. For instance, while diversification can certainly help company to promote new products, at the same time through the merger of two firms it can be more expensive to develop c..
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