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i) Define offshoring and discuss the main choices facing a firm when engaging in an offshoring strategy.
ii) Recently some firms have started reshoring previously offshored activities. Explain the main factors behind his decision and discuss the main challenges facing global value chains.
Suppose you are receiving a large shipment of Gizmos. The manufacturing standards provide that 1% of Gizmos turn out defective. You randomly select a sample of n = 25 from each lot and return the shipment if more than 2 are found defective. The proba..
Who was the first administrator-statesman to attempt planning as a means for economic development?
Compute the nominal GPD and real GDP? Using the quantity of money equation, what happens to the money supply if velocity of money is constant but price level decreases by 3 % and the real GDP increases by 8%? What would the money supply (M) be if vel..
The marginal damage averted from poolution cleanup is MD=200-5Q. The marginal cost associated with pollution cleanup is MC=25+2Q. What is the optimal level of pollution reduction? Show that this level of pollution reduction could be accomplished thro..
Net social benefits are maximized when:
The Phillips curve supposes that there is a trade off between inflation and unemployment. Is this correct? Why or why not?
Explain completely how each of the following tools of monetary policy are used to increase bank reserves and the money supply.
Draw and explain the continuum of precariousness that we developed in class. Explain why this diagram may only apply to certain people. What would the continuum look like for a different group of people?
a. choose a country and from last next 4 weeks collect as much current economic data data that will be released over
What is a probability distribution for a discrete random variable? What does it look like?
a) Is this a discrete probability distribution? Indicate why or why not. b) Compute the mean amount charged for a cola.
Similarly the price of coal increases from $70 to $90, the quantity of coal demand decreases from 300 to 100 tons.
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