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Question: 1. Describe how the GATT and WTO have helped to free international trade. Also, what has been the mechanism to accomplish that objective?
2. Explain how a multilateral trading system can help to create a stable and predictable environment and why this is important.
3. Explain the factors in favor of an open trading system based on multilaterally agreed rules.
4. What are the successes and challenges that the General Agreement of Tariffs and Trade (GATT) faced during its existence?
5. What are the temptations or possible reasons to impose protective barriers with the idea of preventing the challenge of competitive imports?
In your own words, answer the following question. Describe the difference between fixed and flexible exchange rates.
Explain the flow between households, government and business
The differences between total employment and payroll employment. Which measure do you feel is the most important indicator of the strength of the job market?
Which specific job redesign strategy or job crafting strategy would you recommend? For example, if you choose job redesign discuss whether you would recommend job rotation, enlargement, enrichment, etc.
Assume that borrowers are not very poor, in that they have some collateral, but they are nevertheless suffering from financial exclusion.
A new widget, with a service life of four years, would save $50,000. in production costs each year. Using a 12.00% nominal annual interest rate, determine the highest price that could be justified for the widget, i.e., determine the present value of ..
Discuss the issues related to genetic diversity: mutations, sexual reproduction, migration, and population size.
In the short run, what effect would this have on the price of milk? On the number of dairy farmers (and the size of dairy herds)? Explain.
evaluate the approaches by company executives to align an organization for future growth and success. give your opinion
The real interest rate tells you how fast the purchasing power of your bank account rises over time
Look at the data on quarterly real GDP growth from 1999 through 2001 and then from 2007 through 2009. Which recession has larger negative values for GDP growth, the recession centered on 2000 or the recession centered on 2008?
What are the coefficients of elasticity of supply and demand if the price is raised from $6 to $8? Characterize the demand and supply for tickets based on the calculated elasticities.
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