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Assignment
Read the articles:
1) The Boomerang effect.
2) Comparative Advantage and American Jobs.
You are expected to make your own contribution in a main topic as well as respond with value-added comments to at least two of your classmates. You are encouraged to respond to other students as well as to your instructor.
Choose one question to answer:
1) Does the protection of one domestic industry harm another? Please explain.
2) Why does comparative advantage matter more than absolute advantage for trade? Please explain.
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Assume that both the equilibrium price and quantity of golf clubs rise. Which of the following explanations would best explain this outcome?
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Perhaps some short-term costs may be recuperated in the long run? Additionally, you can think that if a lazy person starts riding the bicycle more often, they start enjoying it more, or that an active person driving their car more often might beco..
When companies expand into the international arena, they do so either because their home market has matured or because they see real opportunities in the foreign market. Discuss which kinds of international strategies are most appropriate for compani..
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