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Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences. What are some examples of goods that the U.S. has comparative advantage in producing? Take a look at the tag of the shirt/dress/pants you are wearing today. Where was it made? Anyone wearing "Made in America" items of clothing today? We sometimes hear people say "Buy American." Why don't we? What is the basis of international trade? What are the benefits and the costs? Under what conditions would you advocate for trade restrictions?
When an inefficient firm or a firm producing a product that people no longer want goes out of business, people are unemployed, but that's part of the normal process of economic growth and development; the unemployment is part of the natural rate
It is mandetary that a rational customer will not purchase any units of the product represented by these data.
Suppose two nations are considering specializing in either calculators or personal computers. If solely producing calculators, country A can produce 300 and country B can produce 400.
After two years the City of Plentiful is faced with a fiscal crisis and decides that it wants its garbage back.
Derive the equation for the IS curve, derive the equation for the LM curve, explain why each of the following statements is true. Discuss the impact of monetary and fiscal policy in each of these special cases.
Consider that demand elasticity is defined as the percentage change in quantity divided
Monetary approach, elucidate the process by which a balance of payments deficit is corrected under a flexible exchange rate system?
Some economists advocate such a rule for monetary policy but believe π and y should be the forecasts of future values of inflation and output. What are the advantages of using forecasts instead of actual values What are the disadvantages
Competitive Market Equilibrium. Assume demand and supply situations in the competitive market for unskilled labor are as follows;
How does electronic commerce influence importing? How does electronic commerce influence exporting? Describe and explain how the use of social media is impacting domestic and international trade.
The following show data on investment rates and output per worker for two pairs of countries. For each country pair, calculate the ratio of GDP per worker in steady state that is predicted by the Solow model, assuming that all countries have the s..
What do Tom's indifference curves relating Hamburgers (horizontal axis) to Hot-dogs (vertical axis) look like Graph and explain the shape of your indifference curves. Do these indifference curve imply that Tom will only eat hamburgers
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