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NAFTA & Tariffs
Apparently, my professor is not in agreement with what I have given thus far.Anyone have any ideas?
Following was his response:
The job losses to foreign countries have not been limited to low-skilled positions. And that may not necessarily be a real concern in the long run.
There are more than 3 Million white-collar jobs that are expected to move overseas in the next decade. Obviously in IT, and other skilled positions: JP Morgan, and Morgan Stanley have hired hundreds of equity research analysts in Asia since 2003. In the early part of 2003 GE also hired 300 hired lawyers in India to handle their internal corporate legal matters.
How should we expect this phoenomenon affect the US economy at the macro-level, short run and long run?
Describe the economic and political economy aspects of the globalization debate. Why has globalization created so much controversy.
The industry will also incur expenses in the amount of $150,000. Explain how many shares must the industry sell to net $20 million after underwriting and flotation expenses.
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Explain how much should it be willing to pay today for the office complex.
Give the utility function U(x, y) = (x-4) 1/2 (y-2)- 1/2 , what is the minimum income needed to ensure positive utility?
Illustrate what happens to bicycle supply. What happens to bicycle demand.
Give three reasons why firms produce in Germany rather than in a lower-wage country.
In most developing countries, there are long lines of taxis at airports, and these taxis often wait two or three hours. Illustrate what does this tell you about the price in the market. Carefully Explain with supply and demand analysis.
Evaluate the following: The laws of supply and demand cannot apply to the labor market because labor is not a commodity to be bought and sold like machines.
Maggie's utility function is and her income is $5000. Then her MRS at generic bundle (x1, x2) is 50-0.25x1. Commodity 2 is a composite good, and hence its price is unity.
Illustrate role do property rights play in creating common property resources? Why are common property resources subject to market failure due to nonexcludability.
Dilomatic tensions over the war with Iraq also patriotic fervor led the state legislature in South Carolina to initiate a resolution boycotting French products.
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