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Q1. Select two products or services with which you are familiar - one produced in the U.S. and the other produced in another country (e.g., U.S. corn production and call-center outsourcing in India). Apply the concept of comparative advantage to explain how both countries would benefit from trading the two products or services.Q2. Compare and contrast trading under constant-cost conditions with trading under increasing-cost conditions. Support your discussion with specific examples.
Q3. Analyze the three waves of globalization and predict what the next wave may look like and what its effects will be for the U.S. economy. Explain your rationale.
Q4. Select the most serious disadvantage of globalization (in your opinion) and make at least one recommendation for addressing the consequences of that disadvantage. Explain the likely impact on the U.S. economy if your recommendation were adopted.
By what percentage do the total assets decline by bank. By what percentage does the bank's capital decline. Illustrate which change is larger.
Government says that firm X must pay $1000 in taxes simply because it is in business of producing a good. What cost curves if any does this tax affect and does MC change if TC changes.
Congress is considering a tax credit program for those who purchase wind or solar-powered products. Explain multiplier concept as it applies in this case.
Describe the determinants of varying levels of income. What factors determine a wages of a person
Consider a perfectly competitive market with many homogenous exercise gyms. Exercise gyms have learned that customers tend to use the gym less often than the customer anticipated when she signed up.
Illustrate what are the benefits also the costs. Under Illustrate what conditions would you advocate for trade restrictions.
Explain how do we measure income inequality. What problems arise the more unequal a country's income distribution becomes.
Illustrate what happens to aggregate output and the price level in each case.
A consumer buys only two goods, X & Y. a) If the MRS between X and Y is 2 and the marginal utility of X is 20, what is the marginal utility of Y?
In the context of share holder maximization model of a firm, what is the expected impact of each of the event on the value of the firm?
A tax placed on buyers of airline tickets shifts the
Skectch the fundamental analysis of the supply and demand curve for the British pound in terms of dollars. (The quantity of pounds on the horizontal axis and the US dollars per pound on the vertical axis.
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