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Question
David Ricardo (1772-1823) was a classical British economist. Examine Ricardo's Economic model of "free-trade" and the Comparative Advantage theory (CA). How has this Economic model been used in arguments promoting "Globalization"? Does this support the concept of "Realism or Liberalism, or Mercantilism" ? Do you agree with the typical stated conclusions? If free trade makes countries better off economically, then why are some countries protectionist? Note, when debating in class Discussions, always provide logical and empirical evidence in support for your position (i.e. the hypotheses) not simply posting personal opinions.
Suppose you are appointed head of the energy department of the city or town where you grow up, and you are asked to come out with a sustainable long-term strategy that that will carry your city into the middle of the century. What are the three bigge..
1. What are the economic reasons for fuel taxes being different in different countries?
Give a few examples (Minimum of 3 examples) of how sunk costs have influenced you in your decisions by mistake.
How does a government budget surplus affect the U.S. economy? Identify two periods in recent history in which the United States has run budget surpluses. What were the reasons for the surpluses during those time periods? Original answers please, n..
Punk-rocker Pete is feeling insecure about his long-term relationship with economist Elaine. At the conclusion of a recent date, he tells Elaine, "I feel that I derive much more utility from this relationship than you." Elaine tells Pete that his cla..
Imagine bitcoin mining difficulty right after a difficulty change is at 20,833, and then it takes 318 hours to find the next 2016 blocks.
If an economy experiences a decrease in consumer spending, most economists believe:
When the government increases its demand for loanable funds
What are the costs and benefits of outsourcing? Can outsourcing be used to avoid tariffs and other trade restrictions? Provide 2 real-world examples of outsourcing by a firm(s) which competes globally. Need citations
A. Calculate the point price elasticity of demand for bearing grease.
Find the equilibrium level of interest rate. Find the equilibrium level of output. What variable does this relationship represent?
Develop a point estimate of the proportion of people in the United States who are vegetarians.
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