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Exporting Jobs and theory of comparative advantage
Please answer in detail the following questions. For clarity purposes, place my questions before each of your specific responses.
1. In light of the "theory of comparative advantage" are any restrictions on free international trade advantageous?
2. Briefly comment on the current issue of "exporting jobs"?
3. Does economic theory offer any advice about this issue (exporting jobs)?
Explain which of the following transactions would be directly counted in 2007's GDP. In each case, explain whether the action causes an increase in Consumption, Investment, Govt. Purchases or Net Export.
Explain why fiscal policy will be either more or less effective in an economy with a large foreign sector.
Vera is an impoverished graduate student who as only $100 a month to spend on food-Explain why Vera's preferences are of a very special type here. How would you graph them?
A Monopolist is deciding how to allocate output between two markets. The two markets are separated geographically. Demand and marginal revenue for the two markets are given by:
Discuss how labor market mobility affects the unemployment rate.
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Use diagram to describe how each of the following events affects the equilibrium price and quantity of pizza (draw a separate diagram for each event)
Bush proposed for government expenditures in the case of a recessionary gap? What is the effect of his policies on the federal government budget?
An essay on Market imperfection associated with negative externalities.
Calculate the markup percentage also target selling price that will allow Bolus Computer Parts to earn its desired ROI of 25% on this new component.
In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Explain?
What is the effect on investment? What is the multiplier effect?
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