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"Trade Liberalization versus Trade Barriers, Which Way? Discuss."
[Some Hints: You need to discuss the benefits (gains) and costs of 'trade liberalization (trade openness)' and 'trade barriers (trade autarky)'.
Which is better and why/how?
Support your discussion by drawing on the experience (example) of 'a country of your choice' or on the experience (example) of 'a group of countries in general'].
describe whether that combination leads to more or less growth over the next period.
Briefly describe the tactics and strategies the organizations should use to minimize foreign exchange exposure. What financial institutions were established and for what purpose? Did the agreement work? How are national currencies controlled today?
The Clean Air Act and its amendments increase the production costs of the firms in a covered industry through increased:
Comment on the following statement: “If John McCain had won the 2008 election everything would have been different.” What would have been different? Would that be a good or bad thing? Would anything be the same? What if Mitt Romney had won the 2012 e..
Assume that in the short-run, wages and prices are flexible enough to adjust, that at full employment, firms and workers are able to negotiate lower nominal wages, which will shift the short run aggregate supply rightward. Also, keep in mind that the..
Currently I can put $.25 (or $.50 or $1, depending upon the bar) in a juke box and get 2 1⁄2 minutes of noise. From the perspective of maximizing aggregate social welfare, should I also be able to buy 2 1⁄2 minutes of quiet for the same price? Explai..
Jim Range has to choose between buying more soda or more pasta for the week. He has a fixed income and he knows the prices of both products. Using indifference curves and budget constraints, illustrate the amount of soda and pasta that Jim will purch..
Industrial segmentation is different from the segmentation of consumer markets, because: The segments must be selected by the following criteria I. Bases for segmentation of marketing?
Oftentimes on national issues like elections, you see news media reports polls after polls and each time they point out the results are within the margin of error of ± 3%. You may have been wondering where does the 3% come from. Note that in those po..
Suppose that an industry is in long-run perfect competition equilibrium. Then the price of a substitute good (in consumption) decreases. How about in the long run?
What do you think about a tax on soda and junk food just like there is "sin" tax on cigarettes and alcohol? Do you think this would work to deter parents and children from consuming so much soda and junk food? How can you use the concept of Elasti..
Why does the entry of firms into an industry decrease the economic profits of the existing firms? Why does the exit of firms from an industry increase the economic profits of the existing firms?
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