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"Time" magazine, Canadian edition, has recently published an article on the Danish economy titled "Why Denmark Loves Globalization", November 15th, 2007.
(a) Discuss the features of the Danish economy (such as population, GDP/capita, main exports/imports, social services provided, size of government, etc.) and why the Danes overwhelmingly support globalization and job outsourcing.
(b) The manufacturing (especially textile) industries in Quebec (and Ontario) have suffered in recent years due to more Chinese/Indian textile imports as well as the strong Canadian dollar. Discuss the features of the Quebec economy (such as population, GDP/capita, main exports/imports, social services provided, size of government, etc.) and why Quebecoise are not overwhelmingly supportive of globalization and job outsourcing.
Assume the effect on the marginal expenditure curve and compare the pre- and post-minimum wage equilibria.
Corn is a key input in the poultry, dairy, hog, and cattle industry. Ellucidate effect has the sharp increase in the price of corn had on these industries.
Which of the following goods or services would be most likely to be subject to (1) external economies of scale and (2) dynamic increasing returns? Describe your answers.
What are the advantages and disadvantages of a fixed exchange rate system. What are the pros and cons of a floating exchange rate system.
Explain, illustrating with graphs as necessary-be sure that the shape of your supply and demand curves make economic sense.
Dyna-Rubber, man manufactures a high-performance tire called Sport 70. Fixed development cost for current year is $600,000.
Assume that the MPC is 0.85 and that the Government is considering to boost the economy to increase real GDP by $2 trillion for the 2008 general elections.
Illustrtae what is the difference among cost-push and demand-pull inflation.
You will be asked to collect five (5) newspaper articles relating to subjects we are covering in the class. As we cover the various chapters you should be actively searching newspapers/magazines to find articles.
Estimate total revenue function and the marginal revenue function with just this information.
A paper detailing explain why the US dollar might be replaced as the nation's reserve currency by the Euro or the IMF's Special Drawing Rights.
Elucidate the nature of Keynesian tax cuts under Kennedy and Supply-Side tax cuts under Reagan.
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