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1. Assume we decline to sell goods to any country that decrease or halted its exports to us. Who would profit and who would lose from such retaliation? Can you advise optional ways to ensure import supplies? Are there any particular imported commodities that you or your firm rely on? What has happened to the supply of these imports over the years?
2. Domestic producers often base their claim for import protection in the fact that workers in country X are paid substandard wages. Is this a valid argument for protection? Can you give examples of when it did/did not work? Is there any trade restriction that the US government could impose that would have a negative/positive impact on your organization? Explain.
3. How do efficiency techniques differ in the short- versus long-run when attempting to maximize profits? What specific incentives are used in your workplace to promote efficiency? What conflicts may exist between a firm's desire to maximize profits and its ethical obligations? Can you give an example from your place of work?
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Describe what effect an expansionary fiscal policy would've on the price level and real GDP starting from full employment equilibrium.
What might be included in the "total cost" of acquiring and watching movie on DVD? What about the "total cost" of seeing a movie at the multiplex?
You're the absolute czar and head of union of 1,000 plumbers in Austin, Texas. You've the absolute power to set the wage at which the plumbers will work. You wished to achieve full employment at highest possible wage; (b) you wished to maximize the..
Assume you observed an acquisition by diversifying firm and that the aftermath of the deal included plant closings.
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Suppose Ke, the required rate of return, goes up to 12 percent; what will be the new value of Po?
Joining marketsplace or developing countries across the world has presented attractive opportunities to global companies and thus, boosted FDI.
Define scarcity and Opportunity cost. Scarcity is the fundamental economic difficulty of having seemingly unlimited human needs and desires, in a world of limited resources.
What is the amount of the difference between the maximum premium and AFP, and what is this called?
Explain is low stable inflation also deflation better for the economy.
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