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The impact of the North American Free Trade Agreement (NAFTA
The purpose of this discussion is to examine the impact of the North American Free Trade Agreement (NAFTA) on Canada. The key underlying question is, does free trade offer a route to increased prosperity for Canada, or does it threaten environmental and labor standards? This discussion will focus on the negative impacts of NAFTA from two main fronts: the negative impact on trade and negative impact on employment.
If I told you that GDP was forecast to rise by a bit more than 3% over the next year, what would that mean to you? What should you be asking about the forecast?
What money supply must the Bank of Canada set next year if it wants to keep the price level stable? What money supply must the Bank of Canada set next year if it wants inflation of the ten percent?
Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?
Illustrate what is the price elasticity of demand. From the price elasticity elucidate the new rates be for 2009 if the demand increases at the same rate.
Suppose DJIA records the changes in prices of 4 stocks. Suppose initially the prices of these stocks are $40. $20, $60. and $80. What is the DJIA.
Elucidate the price should you charge for a midsized automobile if you expect to maintain your record sales.
Construct a graph showing the outputs, and prices before and after the corrective taxes were imposed.
What is likely to happen to the number of gliders sold if Emerson follows company policy and raises the glider price to that calculated in part b?
Airway Express has evening flight from Los Angeles to New York with average of 80 passengers and return flight the next afternoon with average of 50 passengers. Should the airline remain in business?
Rise in customers income will make increase in the quantity demanded.
Explain why does the magnitude of price elasticity differ in a and b above, although the same set of price-quantity combinations are used to compute the price elasticity of demand
Evaluate the following: The laws of supply and demand cannot apply to the labor market because labor is not a commodity to be bought and sold like machines.
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