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Provide three arguments for trade restrictions. Since economists do not favor trade restrictions, make the case as an economist against trade restrictions for these three items. Are there any arguments for trade restrictions that most economists would support? Discuss.
In September 2003, a United State retailer wants to buy canola oil from a Canadian farm. At that time in Canada, one barrel of canola oil value C$2.
Assume that the Bank of Canada decides to expand money supply. Explain why would it be counter productive for the Bank of Canada to fix the value of the exchange rate?
Provide arguments in favor of trade restrictions, and what are the counterarguments? According to most economists, do any of these arguments really justify trade restrictions?
Several industrialized nations such as the U.S. attempt to seriously restrict immigration of production workers, but are more open to immigrants who are highly skilled.
America spends more on every student in public education than any other developed country and yet performs at bottom of every international student achievement test.
Suppose the Fed has already make a decision that it wishes to target the money stock. Will the Fed come closer to its target by setting the interest rate at a given level, or will it do better by fixing the money supply through open market operations..
National Products Company participates in a highly competitive industry. In order to meet this competition and to get profit goals, the corporation has chosen the decentralized form of organization.
Assume that the Kiribati can manufacture 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can manufacture 750 tons of breadfruit or 1875 tons of fish.
In May 1996, two Clemson University economists came out with a report that discussed that through removing legal restraints on competition between electricity manufactures,
Are there any similarities and differences between the principle of comparative advantage and absolute advantage?
Based on what you receive as the results of free trade contracts such as NAFTA, would you suggest that President Obama continue on the path of entering into more free trade contracts with additional nations
Coffee is a commodity that is developed, processed and shipped all over world. Research coffee on Internet. Please examine and try to find information on the market for coffee to support answers.
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