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Problem
Set up a Ricardo-type comparative advantage numerical example with two countries and two goods. Distinguish "absolute advantage" from "comparative advantage" in the context of your example. Then select an international terms-or-trade ratio and explain in some detail how trade between the two countries benefits each of them in comparison with autarky. When would either of your countries NOT benefit from engaging in trade? Explain.
Define NAFTA using the internet to gather some information about NAFTA and why and when it was started?
Productivity is found by dividing the country's gross domestic product by the number of people employed. Only part of the U.S. productivity growth,can be explained by the longer hours Americans are putting in.[The U.S.] also beats all 27 nations in..
For example, if the U.S. sold cars in Japan in addition to Japanese cars being imported into the U.S., that would be cross-hauling. Trade statistics show that many commodities are cross-hauled.
Compare the different business models between commercial banking and investment banking and What are the driving forces of modern financial crisis
Discuss the roles of the IMF under the Bretton Woods System. Why was it set up, what roles does it play in the world?
emission are the product of these numbers emissions\energy use, use/output, output/capita, numbers of people. in countries like the united states energy use by unit of output decreases over time. what effects over time might you expect for these o..
Based on your answer, identify who benefits and who is hurt because of the tariffs and also identify at least one industry that is likely to strongly lobby in favor of quotas and one that is likely to lobby against the quotas.
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
Suppose that Japanese auto producers voluntarily restrict their exports to the US significantly. (For example, imagine all US imports come from Japan and that the Japanese producers restrict exports to the US to half the free-trade level).
questionin the assumed absence of transport costs and trade restrictions perfect commodity arbitrage insures that each
Which do you feel is a better approach, free or fair trade, and why? Given concept of comparative advantage should we even be discussing free versus fair trade?
In order to determine the population proportion of Pizza restaurants that offer a salad bar, a random sample of 1250 of these restaurants was selected from across the U.S.
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