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1. If you had the power to eliminate tariffs on sugar cane and subsidies on biofuels, would you do it? Why or why not? Would you consider this an ethical stance, why or why not?2. what would be the impact on the U.S. and on other producing countries?3. What are the pros and cons of free trade and globalization of production?
The problem of estimating what goods and services society should produce, Determine the models used in economics
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
Stiglitz also argues that the IMF as another agenda besides its stated agenda of promoting stability and growth in LDCs. What does he mean by this? What, according to Stiglitz is the IMF's other agenda?
Evaluate alternative propositions for economic choice by one or more individuals, firms, organizations, or governments applying one or more of the economic theories provided in the course.
China and Japan can manufactures calculators and noodles using land and capital in a competitive market. To manufacture one calculator two units of capital and one unit of land are needed,
Examine how wage inequality is measured and if it present in your selected industry. My Selected industry is the automotive industry.
Discuss and explain how does the Heckscher-Ohlin theory different from Ricardian theory in describing international trade patterns?
Some properties are "sold prior to auction", that is, the vendor accepts an offer before the auction is actually run. Investigate and write a summary on how this process works. In particular, is there a hidden auction prior to auction day
Suppose that U.S. prices rise 4% over the next year while prices in Mexico rise 6%. According to the purchasing power parity theory of exchange rates, what should happen to the exchange rate between the dollar and the peso
Consider the five aspects of language knowledge and explain how their development contributes to a child's success in school, at home and in social situations. Discuss how both delayed development and fluency relate to the acquisition.
Many corporation manufacture more than one product. What is the motivation to do this and explain how do rules for profit maximization differ between a single product corporation and a multiproduct corporation?
In recent years, the government of Pakistan has established a support price for wheat of about $0.20 per kilogram of wheat. At this price, consumers are willing to purchase 10 billion kilograms of what per year, while Pakistani farmers are willing..
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