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"The United States is suffering from an excess of imports. Cheap foreign products are driving American firms out of business and leaving the U.S. economy in shambles." Evaluate this view.
Review absolute and comparative advantages.
Labor demand for low skilled workers inthe U.S. is w=40-.15L where L is the number of workers (inmillions) and w is the hourly wage. There are 180 million domesticU.S. low-skilled workers who supply labor inelastically.
1. Explain why the real exchange rate never changes under the theory of purchasing power parity? 2. What governs the behavior of nominal exchange rates under PPP?
What is the natural rate of unemployment? Do you believe the answer given in (b)? Why or why not? (Hint: Think about how people are likely to form expectations of inflation.)
Durable goods pricing. Consider the example discussed in class. The monopoly sells two units of goods over two periods. The costs are zero. Consumer A has a valuation of 15 and Consumer B has a valuation of 10. Suppose the discount rate is f=.8.
Suppose the present market conditions of Microsoft Corporation.
Obviously there is only so much that can be accomplished in an existing establishment before the owner reached the point of diminishing marginal returns, or where their output reaches a point where additional tables may cause crowding and profits ..
Write a 500-word comparative essay evaluating the key similarities and differences between the world's major forms of government. Examine the effectiveness of each form of government in meeting the needs of its citizens.
Campbell's sells used trailers, U, and new trailers, N, Its profits are given by p = 100N+68U-5N^2-5U^2-2NU. The profit-maximizing combination of trailers for Campbell's is: (A) N= 9 and U = 5. (B) N=7 and U=7 (C) N=5 and U=9 (D) N=13 and U=0 (..
Efficiency and sustainability are management goals with respect to renewable resources. As Field explains, biological and economic considerations are typically blended in determining the efficient allocation of these resources.
The Ricardian model of international trade demonstrates that trade can be mutually beneficial. Why, then, do governments restrict imports of some goods? Use the specific factor model to answer this question.
Examine one case of significant government intervention as it relates to your current industry of employment or an industry in which you are interested in working.
Assume you are a marketing manager at a top marketing firm that manufactures dish soap. Which research method and tool would you select to collect data and why?The research method I would use to collect data would depend on whether I was collectin..
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