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Question: Explain how international trade is based on comparative advantage analyze why a large country might not have a comparative advantage
Provide your opinion on how the Greece-Euro became such a big problem. Determine who is most exposed if Greece defaults and speculate on what a Greek default would mean for you.
In September 2003, a United State retailer wants to buy canola oil from a Canadian farm. At that time in Canada, one barrel of canola oil value C$2.
What is the marginal product of labor and What weekly economic rent does Dave receive from being an economics instructor and also describe law of diminishing marginal product
Research an issue on how international trade can affect a country's economic growth and externalities associated with international trade.
What happens to the nominal exchange rate in response to an increase in the foreign money stock? What about the real exchange rate
One type of toy bears is in China and exported to the United State A toy bear sells for sixteen Yen in China. The exchange rate of Chinese yen and US dollars is $1 = 8 Yen.
Draw a diagram describing autarky and a pattern of absolute advantage for your example - Show the transition from autarky to trade in your diagram, label the trade flows, and demonstrate the gains from trade.
Define "money" and explain the process of money creation in the U.S. money and banking system including the structure and operation of the Federal Reserve System and its importance in controlling the U.S. money supply.
China has been growing at a phenomenal rate and recently became the second largest economy in the world. Discuss economic reasons why trade with China (both in terms of importing and exporting) is beneficial to the United States.
Assume the United State dollar price of a British pound is $1.50; dollar price of a euro is $1; a hotel room in London, England, costs 120 British pounds;
Stella Ann Freeman is having a difficult time deciding whether or not to purchase a new car. How would understanding the concept of opportunity costs help her make a decision?
How do changes in interest rates, inflation, productivity, and income affect exchange rates? Is a strong U.S. dollar always good for the U.S. and global economies? Why or why not?
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