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The world is becoming increasingly interdependent, and bank consumers have rising choices in where and how they do their banking. My manager wants to know whether the benefits of globalization outweigh the costs for the bank. Describe one way increased international trade has benefited U.S. consumers. Then, describe a drawback for U.S. consumers. How might your overall research impact the bank's strategy for attracting new customers?
The nations of Figistan and Blah are small island nations in South Pacific. Both manufacture fruit and timber. Each island has a labor force of 1,200. The table listed below gives production per month per worker in each nation:
What did Adam Smith mean when he wrote "Seldom do businessmen of the same trade get together but that it results in some detriment to the general public"?
Japan has had an overall trade surplus in current years. Economists advice that this continuing phenomenon is due to many things, including an inappropriate exchange rate
Suppose that government imposed a price ceiling on gasoline in order to save prices from getting too high. What are the economic implications of this action in the gasoline markets?
Discuss why does the value of output always equal the income received through the resources that manufactured the output?
Suppose the spot exchange rate in dollars and yen is e=$1/100yen. The interest rate on a 6 months dollar denominated assets is i($)=1 percent and interest rate on comparable 6 months yen denominated assets
Consumer Products Corporation is a United States regional consumer products firm located in Phoenix, Arizona. The firm produces and distributes a small line of customer products to retailers in major western cities including Los Angeles,
China and Japan have 2factors of production, land and labor. Both countries produce 2-goods, corn, which needs more land, and computers, which needs more labor.
Choose a nation with international trade activities. Discuss the comparative advantage that would exist when selected nation has a margin of superiority.
China and Japan can manufactures calculators and noodles using land and capital in a competitive market. To manufacture one calculator two units of capital and one unit of land are needed,
You have the following data concerning the production of wheat and cloth in the U.S. and the U.K.:
The Big Mac Price Index calculated through the Economist has consistently found the United State dollar to be undervalued against some other major currencies,
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