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What is the WTO? What are the main principles on which the WTO was founded? Briefly discuss the principle areas (trade topics) which the WTO addresses and is seeking to achieve consensus in trade?
Rent control is a form of government imposed price controls. How can rent control distort the market for apartments? Be sure to explain rent control by using your understanding of price ceilings and price floors.
Net exports is defined as exports minus imports. Because of this minus sign, net exports can be negative or positive, depending on the sizes of exports and imports. If exports are greater than imports, then net exports are positive, resulting in a “t..
Ray’s Radios believed the synergies between radio production and battery production could be realized if he expanded. However, due to overseeing the battery expansion Ray devoted less time to the radio business leading to the radio unit costs increas..
Discuss three considerations you should keep in mind when choosing a power supply. Explain your answer
Compare and contrast cost push and demand pull inflation
Describe the MONETARY POLICY options the Fed could pursue to limit the impact of the recession.
According to Hazlitt, what is the motivation or thought-process that explains attempts by elected government representatives or bureaucrats for interfering with free markets across the various examples he provides?
The beta of GM is 1.7. GM just paid a dividend of 1.5 dollars per share, and dividend growth rate of 10%. What is the intrinsic value of GM stock per share?
Monopolistically competitive firms try to differentiate their products in order to eliminate substitutes. What are the comparable measures that can be taken in labor markets to decrease the number of “substitutes” for some types of labor? What are th..
Suppose the exchange rate changes so that less Japanese yen are required to buy a dollar. We would conclude that a. the Japanese yen has appreciated in value b. U.S citizens will buy fewer Japanese imports c. Japanese will demand more U.S. exports d...
What is the difference between a Positive Statement and a Normative Statement
1) the mission, vision, and value statement of an actual firm 2) whether or not you feel the firm has been successful in adhering to their statements and 3) provide examples to support your response to number 2
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