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1. What are the main characteristics of the vent for surplus model of primary exports?
2. To what extent did primary exports contribute to the economic dynamism of developing countries between 1870 and 1913?
3. Give three de?nitions of the terms of trade and highlight the differences between them.
In recent years the exchange rate of the $ has been noticeably high against the yen. If for some reason investors around the world now decide that this increase is a temporary phenomena and that the $ will fall relative to the yen in coming months..
Justine would like to clarify her understanding of a code section recently enacted by Congress. What tax law sources are available to assist Justine?
The U.S. Postal Service (USPS) operates at a loss but its closest competitors - UPS and FedEx - both operate at a profit. Suggest how fixed costs have contributed to the situation of the USPS. Provide support for your response.
Suppose payments are made at the end of every year, determine the annual payment required to retire a $50,000 loan with a term of 5 years and an interest rate of 10 percent;
The economic staff of the U.S. Department of the Treasury has been asked to recommend a new tax policy concerning the treatment of the foreign earnings of U.S. firms. Currently the foreign earnings of U.S. multinational companies are taxed only.
Determine what does the Stolper-Samuelson theorem suggest in case of a country being opened to international trade?
The nature of trade and status of relationships of the two countries with Australia. Is there an existing free trade agreement? If yes, what does it covers?
Assume that your shareholders have only United States stocks. Would you expect an overseas investment to have above or below-average risk for them?
The US cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Under the proposed settlement, cigarette companies will make fixed annual payments to the government
Describe the increasing returns to scale as a basis for international trade. Be sure that you discuss the relevant concepts, explain important features of such trade,
"The theory of the second best leaves welfare economists 'high and dry' since not only does it abolish the established objectives of first-best situations,
Its the spring of 2002. You are an economist on President Bush's council of economic advisors. Congress is considering legislation, called the "2002 Farm Bill," that would increase subsidies to US farmers.
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