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Following World War II, Germany and France initiated discussions to align themselves in a way which would promote rebuilding, future growth and stability. The European Economic Community was formed in 1957 with the six original members: Germany, France, Belgium, Luxembourg, the Netherlands and Italy joining forces to create the EEC. Great Britain joined in 1973, and remained committed as the EEC transformed into the customs union we now know as the European Union (EU) until the June 23, 2016 vote on the referendum to have Great Britain exit the EU prevailed.
As you read through the information about the effect of BREXIT on the BBC's website, consider the reasons for the founding nations to have formed the original agreement. Do you think Great Britain made the right decision to leave?
In a speech at the CFA Society of Nebraska in February 2007, William Poole, former Chairman of the St. Louis Federal Reserve said: Over most of the post-World War II period, the personal saving rate averaged about 6 percent, with some higher years..
In a day of production, companies in Angola can manufacture 200 liters of oil or 100 kilograms of tungsten. Companies in Namibia can manufacture 160 liters of oil or 60 kilograms of tungsten.
Economists are in almost universal contract that Free Trade is good for all nations. Explain why are they in such universal contract?
For foreign exchange trading, what is different about Asia, compared to Europe and the America? Do you think that this difference is surprising?
Review and reflect on the knowledge you have gained from this course. Based on your review and reflection, write at least three paragraphs- What were the most compelling topics learned in this course?
Prepare the bank reconciliation for Donald Engineering Associates. Journalize the November 30 transactions needed to update Donald's Cash account. Include an explanation for each entry.
Why do American households and businesses buy things from foreigners? What are the characteristics of the items we buy from foreigners? What are the characteristics of the things we sell to foreigners?
Suppose the following data, and answer the question below. China and England are international trade partners. The following information are expected payoffs for the two countries.
From the point of view of China's government and the well-being of the Chinese economy and people, what are the main reasons for the Chinese government to allow more flexibility and (probably) substantial yuan appreciation?
Explain how the nominal dollar/euro exchange rate would be affected (all else equal) by permanent changes in the expected rate of real depreciation of the dollar against the euro.
Suppose that the corn production needs only land and can production requires only labor. The US can produce either seventy kilograms of corn or 100 cans in an hour.
If nominal GDP increased from $5,000 billion in 2003 to $5,500 billion in 2004 and the GDP deflator increased from 130 to 140 over the same time period, what would the 2004 real GDP equal expressed in terms of 2003 dollars
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