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If the balance of payments of Alaska were prepared, what do you think it would look like? How about the balance of payments of New York City? What do you think the net investment position of these locations will be? Should we worry if Alaska is in debt?
enliand and Scotland both produce scones and sweaters.Suppose that an English worker can produce 50 scones per hour or 1 sweater per hour. suppose that a Scottish worker can produce 40 scones per hour or 2 sweaters per hour.
Before one year Polish zloty was PLN 3.8000/USD. Since then the sloty has fallen 14 percent against the dollar. Price levels in the US have not changed, but Polish price has gone up 7 percent
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange.
Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences. What are some examples of goods that the U.S. has comparative advantage in producing
When the beer arrived it was found to be flat and Paddy's rejected it. Paddy's Pub could not find another source to buy the same beer for the same price. Paddy's was forced to buy the beer from another source at $55 per keg.
Economists are in almost universal contract that Free Trade is good for all nations. Explain why are they in such universal contract?
What would be the short-term and long-term effects of restricting or removing patent protection of pharmaceuticals? Be sure to discuss prices, industry profits, and consumer welfare2. Why are prices for pharmaceuticals higher in the United States ..
Suppose that government imposed a price ceiling on gasoline in order to save prices from getting too high. What are the economic implications of this action in the gasoline markets?
Two horizontally differentiated producers of diesel railroad engines- one located in the United States and the other in Europe - compete in the European market as Bertrand price competitors. The U.S. manufacturer lobbies the U.S. government to giv..
If you were President of the US and you were making decisions on trading, would you rather have a comparative or absolute advantage in trading Can you have both a comparative and absolute advantage in trading
Would this increase or reduce the gains to Canadian consumers? Use a graph to illustrate.
Assume the dollar-pound rate equals $.5 per pound. According to purchasing power parity theory, determine the dollar's exchange rate under each of the following scenarios?
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