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The U.S. and China have developed a strong and important international trade relationship in a relatively short amount of time that also has resulted in some challenges for each country. This has resulted in differing arguments on how to deal with the situation. The following Abstract is taken from this week’s reading on US and China Trade: “The article discusses the trading relationship between the U.S. and China as of October 2010. In the U.S., the political leaders in the country are using China as scapegoat to the poor performance of the U.S. economy and high unemployment rate. Among the main area of dispute of the two countries is their currency. During the United Nations (UN) General Assembly in New York in September 2010, the discussion between U.S. President Barack Obama and Chinese Premier Wen Jiabao centered on their currencies”. 1.Provide an overview of the trade relationship between the US and China, including an explanation of the trade balance between the two countries and what it means, in your answer Identify the competitive advantage(s) of China and the US. 2.Many are calling for a revaluation of the Yuan in China. Explain why this is the case and the impact of a revaluation. 3.Since the financial crisis the US currency has been trading at lower levels, explain the impact of this on firms competing internationally. Secondly, explain how the lower value of the US dollar may impact trade directly with China.
Aside from retail sales and marketing, identify and discuss two ways that a business could reduce costs or increase profits by using the Internet or Web applications.
You receive a credit card offer with terms of 7.3% interest. When you read the fine print, however, you see that the interest is not the annual percentage rate (APR), but the amount being charged every month. What is the effective interest rate?
The text notes that, if demand reversal were the cause of the Leontief paradox, then labor would be relatively cheap in the United States. Explain the reasoning behind this statement.
The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent..
If buyers pay $8 per unit to the intermediary but sellers offer to rebate part of that expense to buyers.
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Discuss a scenario where either the supply or price of a good or service is intentionally limited by the government.
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Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to calculate the percentage increase in real GDP per person from 1987 to 2005.
Elucidate how much will the government spend in total. Elucidate how much does producer surplus increase.
If a U.S. firm purchases a foreign company located in another country, the transaction is accounted for in the balance of payments as part of:
In "In Praise of Big Brother" (pp. 203-215), James Stacey Taylor argues for the optimistic conclusion that, with the right legal and procedural safeguards, large-scale governance surveillance would have many positive consequences.
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