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One world currency and free trade
1. Discuss the advantages and disadvantages of having one world currency.
2.There are several trade agreements around the world which involve many countries. In North America, for example, there is the North American Free Trade Agreement (NAFTA). These trade agreements spell out the rules for trade amongst the nations which abide by the treaty.
Some advocates of NAFTA are in favor of expanding the agreement to include all nations in North and South America (although it is not clear if Cuba would be included).
Discuss the benefits and costs of such a sweeping trade agreement. Consider the various countries involved (you do not have to look at all of them!) and what it means for first and third world nations to join in such an agreement.
Early Classical economists found the subsiquent diamond/water paradox perplexing.
Suppose Bank of Canada (BOC) purchases $100 million worth of government bonds from a chartered bank. Assume BOC imposes 5% legal reserve requirement ratio to the banking system.
Illustrate what would the Fed do if wanted to raise interest rates. What if it wanted to lower interest rates.
What do you think that Antitrust Department should punish Google for being a "monopolist". Did the author of the article think so.
In this case there will be a cash outlay of $550,000 at the end of the first yr followed by a cash payment of $650,000 at the end of the second year.
The question asked that assume that the aggregate demand curve.
skills are required for current also future employees to possess for the organization to be successful
Taxi fares in New York recently were increased by nearly 50%. Predict the effect on the price of taxicab medallions, the earnings of taxicab drivers and congestion in New York streets.
Discuss how international trade affects U.S. economy. Explain how foreign exchange rates are determined.
Discuss actions the government could take to induce firms in this industry to produce the socially efficient level of output.
Suppose Congress wishes to reduce the budget deficit by reducing government spending. Use the IS-LM model to illustrate graphically.
Supply demand analysis to elucidate how the prices of untaxed consumption items can be affected by the retail sales tax even though they are not subject to taxation.
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