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In the 2000's what were the main goods and services the United States traded internationally? What trade barriers were in place during that decade? What are two pros and two cons of the trade barriers used?
Let us imagine you are a consultant who has just been hired by a small business owner as an industry specialist. For this discussion you will identify one specific small business that you own, know the owner well or frequent as a customer. As the bus..
Illustrate what are the main characteristics of a perfectly competitive market that cause buyers and sellers to be price takers.
q.luella has to pay an interest rate of 50 to borrow. she only gets an interest rate of 5 if she lends. she is
A market basket is made up of three goods, 10X, 12Y, and 18Z. The prices in the base year are $1.20, $2.10, and $3.25, respectively. The prices in the current year are $1.44, $2.23, and $3.88. What is the approximate consumer price index in the curre..
What effect do increased regulations have upon a country's PPF and where the economy produces on the PPF? Do regulations cause the PPF to shift?
Imagine that you are part of the marketing management team at Home Plus, a regional discount big-box retailer who competes with Wal-Mart and Target. Home Plus currently focuses on offering a broad range of discount consumer goods, from small home fur..
Why is it important to adjust for inflation when comparing nominal quantities at different points in time. What is basic method for adjusting for inflation.
Canada and Mexico. Suppose that Canada and Mexico produce two goods: timber and televisions. Assume that land is specific to timber, capital is specific to televisions, and labor is free to move between the two industries. Considering these changes i..
Because the primary goal of a "for profit" business is to make as much profit as possible or to maximize that profit, it should follow that the activities of the business would focus on efficiency and effectiveness of operations. Explain what is mean..
A drawback to using the high-low methods is that this method is based on:
Explain how would you try to convince him that this is probably not the right way to look at international trade and its effects on the country.
A company bought a machine with an initial value of $120,000 with life time of 8 years and a salvage value of $12,000, assuming ? =0.60 find the book value at year six using the declining method.
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