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Opponents of free trade often argue that trade with other countries destroys domestic jobs; it threatens industries that are vital to national security; it inhibits the chances of a new domestic industry from surviving; and that it is only desirable if firms in different countries are subject to the same laws and regulations (that is, all firms have a level playing field).
From an economic perspective for each of these four arguments for restricting trade, what are your views? Does free trade only destroy jobs? Why or why not? Is the national security argument valid or not? Why or why not? For the “infant industry” argument, does that attempt to create a class of winners and losers? Provide specific examples to support your answers.
Many companies use the argument that “the lack of a level playing field” is costing them losses in sales and prohibits them from hiring more workers. What do you think?
Which of the following best defines basic research?
A consumer's bundle increases two normal goods, good X and good Y. According to the income effect, a(n)____ in the price of good X or _______ in the price of good Y will cause the consumer to buy less of good X.
As a price searcher, a monopoly firm must do what?
A company earns an annual profit of $50 million. There are 100 million share of stock outstanding. People expect a 9% return on stock. What is a share of stock in this company worth?
expectations of the business community are increasing into areas beyond the core product or service into consideration
Politicians are often heard saying that tuition at state universities should be kept low "to make education equally accessible to all residents of the state, regardless of income." Think about the flu shot in the context of a public good. What are th..
In 2002 business week listed apple Calculator as having one of the worst board of directors: founder Steve jobs owns just 2 shares in the company.
Dewey Cheatham is the new Vice President of Marketing for a large online search engine company, Pottstown Innovative Enterprises (AKA, PIE). Dewey has been doing some research into how he can increase the Company’s revenues and thereby really impress..
Analyze the differences and similarities among firms for two different market structures: Monopoly and Monopolistic Competition. Clearly demonstrate how both types of firms determine the quantity (Q) to produce that maximizes profit.
Explain how does the price of fertilizer compare to the average total cost, the average variable cost, and the marginal cost of producing fertilizer.
Providing handouts to the audience before a presentation is not advisable because
q.imagine that e-markets is a company that implements a competitive market in mp3 players. based on information which
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