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Message: Watch the video from the U.S. Commercial Service about how U.S. Commercial helps U.S. firms to export their products
(https://www.youtube.com/watch?v=guDyUscKIwU) and discuss on the following question
• Why does the U.S. government need to intervene in international trade by setting up the U.S. Commercial Service?
• What are the effects of new information and communication technology, such as internet, on the international trade theory?
Answer the questions with your original thoughts on the questions by writing in 2 pages . Cite appropriately if you are borrowing anything from any work.
Explain why the U.S. economy was able to aciheve full employment with relative price level stability between 1996 and 200 even though we had increases in aggregate demand that would have pushed us past full-employment and normally caused high infl..
1. why a change in the real exchange rate changes a country's net exports. 2. why trade deficits tend to move to zero over time. 3. how foreign prices affect domestic prices. 4. the determination of the real exchange rate.
If real exchange rate is equal to nominal exchange rate then, If a Big Mac hamburger sells for the same dollar value in Tokyo as in Los Angeles then
In some developing countries, you can see modern airports, huge government buildings, and new highway system around the capital city. However, those countries' real GDP are still low. Would you provide the possible reason to explain why
Assume that, from an initial equilibrium rank in the offer curve diagram, nation I imposes a tariff on country II's export good at the same time that customers in country II change their tastes toward wanting more of II's export good.
Define Phillips curve suppose the economy's aggregate supply curve is stable, how would an increase in aggregate demand affect the unemployment rate and the inflation rate?
An article written immediately after re election of George W. Bush referred to his environmental rule system where power plants purchase and sell the right to pollute in form of emission credits,
In Woodbridge, New Jersey cab fares are not regulated. Taxis may charge whatever they like, provided it is posted on their rate card. This may include a $10 inclement weather (rain, snow, etc.) surcharge.
The market may function more efficiently if there is only one manufacturer. Recognize markets where monopolies may profitable, and describe why this is the case.
Find the current state of the dollar versus other international currencies? What has been trend for the last six months and Determine the size of the national debt?
Draw a supply/demand diagram of the market for "loanable funds" in the U.S. Use the "interest rate" as the "price" of loanable funds on your diagram. Show the effects of a rise in the expected inflation rate on your diagram.
Make a case for the effects of each of these changes on the Pastoral Nomad lifestyle and given constraints in semi-arid environments, to what extent has the pastoralist lifestyle become unsustainable?
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