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1. Discuss the effect of wage, rate changes and exchange of rate changes.
2. Explain why a change in the distribution of income in a country can change the shapes of the community indifference curve for the country. (page 82)
3. Explain the difference between the "gains from exchange" (consumption gain) and the "gains from specialization'' (production gain) Page 98
4. Why is an increase in the number of varieties of a good regarded as a gain from trade? Can you think of economic disadvantages associated with greater product variety? Explain.
5. Explain why a country's use of preferential duties is inconsistent with MFN treatment of trading partners by that country.
6. Do you think that it is ever possible to obtain a good indication of a precise degree of protection accorded by a country to its import-substitute industries? Why or why not? (Remember that, in addition to tariffs, protection is also provided by various non-tariffs barriers.)
environmental factors and human activity choose one of the following options - all submissions must conform to the
What would the annual percentage rate be if the city plans to make an interest payment and what is the approximate price of fuel for this given arrangement if you delayed the driver for 48 minutes at the bank?
In 2006, U.S. output was $14 trillion and Chinese output was $3 trillion. Suppose that from now on, the output of China grows at an annual rate of 9% per year, while the output of the U.S. grows at an annual rate of 3.5% per year. a. How many year..
A Company issues $1,000,000 of commercial paper with a maturity of 60 days and a discount rate of 5%. The paper is sold through a dealer who charges 0.25 percent.
Suppose you are the Prime Minister of India and your country is experiencing a widespread famine. As a humanitarian response to the crisis, the US Congress enacts the following incentive programs; (1) The US government will impose a temporary lega..
The current Australian dollar exchange rate regime is a managed float exchange rate system with minimum government or central bank intervention. Explain with assistance of examples, three broad methods
Discuss your viewpoint on whether or not you think globalization will continue until we all live in our "global village". Give specific examples on how information technologies that are being developed at a fast rate have influenced globalization.
During the 1980s, the US Cingress imposed a high sales tax on yachts, figuring that the rich could afford to pay for this luxury. But so many jobs were lost in the boat-building industry that the measure was finally repealed.
Your readings and powerpoint lesson on Foreign Intelligence and Security Services (FISS) discuss the espionage process in which foreign agents may corrupt a U.S. person.
The U. S. has committed itself to creating a free trade zone between the U.S., Canada and Mexico. Why might this be important Relative to imports and exports to other nations, what is the size of these two North American trading partners trade rel..
The consumption function is given by C = 200 + 0.75(Y - T ). The investment function is I = 200 - 25r, r is the real interest rate. Government buy and taxes are both 100.
What are the implications of other nations acquiring a large amount of U.S. Treasury bills on the U.S. exchange rates? If China did this would it increase their military position in Asia
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