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How does international trade affect the prices in the domestic market and decisions related to firms to compete in both domestic and international markets? Do you oppose trade restrictions? Who have been the winners and losers as a result of the North American Free Trade Agreement? Explain your answer.
Explain why did Ricardo think that international trade was based on comparative advantage while internal (domestic) trade was based on absolute advantage.
What is the difference between contractionary and expansionary monetary policy?
Walmart wants to open a superstore near you. List the reasons why you think they (a) should be allowed to do so; (b) should not be allowed to do so.
What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar? When we purchase German products, does our demand for euro go up or down?
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Jasmine’s Snack Shop sells two brands of potato chips. She produces them by buying them from a wholesale supplier. Brand X costs Jasmine $1 per bag, and Brand Y costs her $1.40.
The United States is one of the worlds, weathiest countries. Think of a recent case in which the dicisions of the U.S. governement were severely consrained by scarcity. Describe the trade-offs that were involved. What were the opportunity costs of..
Often times their is some connection between budgets and performance evaluation. The budget tends to set a benchmark for expectations. Many compensation schemes tie some type of bonus to reaching and exceeding this benchmark. This linkage results ..
Suppose the federal government increases its purchases of goods and services by $20 billion. What will be the change in the economy's real GDP? Suppose that a marginal propensity to save of 10%, and the nation has neither income taxes nor imports.
phillips curve is a relation between the change in the inflation rate and the level of the unemployment rate.does that
How can there be white victims of racial caste? when researchers have controlled for joblessness, what happens to violent crime rates between young black and white men? what is the evolution alexander refers to on page 207?
During world war 2, both Germany and England had plans for paper weapon:they each printed each other's currency, with the intention of dropping large quantities by airplane. Why might this have been an effective weapon ?
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