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While referring to the "EYE on YOUR LIFE" section on page 467 of the textbook, consider the trade policies that serve our self-interests and what best serves the global social interests. Base your answer on the economic concepts you have learned in this course.
For example, as U.S. consumers, we are the "winners" in globalization, which has brought iPods, Wii games, Nike shoes, and a wide range of other products to our shops at low prices. However, the big "losers" of globalization include the U.S. textile workers and furniture makers whose jobs disappeared overseas. Other "losers" include the African farmers whose crops were blocked by trade restrictions and subsidies in the United States and Europe.
What global social interests or responsibilities, if any, do we have as consumers to the losers of globalization? Discuss and justify your postings and responses with other students in our course.
Total industry sales are $105 million. Top four firms account for sales of $10 million, 9 million, 8 million and $5 million, respectively. What are four firm concentration ratios.
Illustrate what are the firms ATC per unit at these three levels of production. If every firm in this industry has the similar cost structure, is the industry in long-run competitive equilibrium.
Calculate Anthony his explicit cost for operating his consulting firm for a year?
If the bank compounds interest yearly, explain how much will you have in your account on January 1, 2015
disposable personal income decreases by $50 billion and trade deficit is reduced by $15 billion. By how much has national income (Y) change.
determine the probability that buying the equipment will produce a return less than that of the bank and the probability that buying the equipment will produce a return more than that of the bank.
During the month, there are 26 workdays. The company has 15 workers.
Show a point that is impossible for the economy to achieve. Show a point that is feasible but inefficient.
If Plonk and Brew operated in a Cournot oligopoly, explain how much output will each of them produce in equilibrium.
How macroeconomic equilibrium does an economy achieve. Elucidate what affect does a high level of inflation have on macroeconomic equilibrium.
From observations over many years, the company has concluded the fill amounts in their 2 litre bottles is normally distributed with a mean of 2.01 litres and a standard deviation of 0.11 litres. What fill amount (in litres) will see 97% of all bot..
Assume that HP is evaluating idea of placing a DC (Distribution Centre) in Europe. What are advantages and disadvantages to this model.
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