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Globalization : Solution set
As your think tank expands its focus to international and global economic issues, Gabe wants you to address the following situation and prepare a report on globalization. The report should consist of opportunities and threats caused by globalization and the reactions from them. Gabe has also explained that you have done really well on your previous assignments and are proving to be an important addition to the economic strategy research team.
You must address the following in your report:
Define globalization.Explain how globalization affects the market economy.Identify 4 opportunities caused by globalization.Identify 4 threats caused by globalization.Explain how globalization affects the gross domestic product (GDP).Explain your thoughts on globalization in your own words (e.g., is it bad or good? Why or why not? Does it affect all countries?).
Illustrate what happens to bicycle supply. What happens to bicycle demand.
Describe the current status of Real GDP and unemployment rate and inflation rate.
What is the unemployment rate? What will the unemployment rate be if the unemployed increases to 7 million and 3 million individuals become discouraged workers?
Describe the law of diminishing returns. Then discuss why you agree or disagree with following statements.
Illustrate the factors comprises in making decisions about pricing tobacco products indicating which would be the most influential.
Illustrate what does, and what doesn't, the Solow model tell us about the sources of economic growth and the best policies for attaining high per capita incomes.
The economy of a country called Econoland is described by the following desired aggregate expenditure components (all figures in billions of $). For the purposes of this question, the first set of equations will be referred to as fiscal policy1.
Illustrate what has occurred to change the demand for, or the supply of, the good or service, and market prices of those products or services.
Analyze internal as well as external factors impact organizational behavior in the military or another agency.
Explain how does your organization go about estimating its sales. How does it estimate the demand for new products so that it can prepare a production run.
Illustrate what happens if there is an raise in demand that increases the price of the firm's product by 10%.
What would it not be better to nationalize public utilities as some European countries have done. Explain.
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