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The purpose of this assignment is to become familiar with the terms import and export, and then discuss advantages or disadvantages of buying imports versus buying domestic products. You could, for instance, write about an imported automobile, stereo, or household appliance that you bought or considered buying. Include all of the following points in your discussion:
1. If you were a retailer, would you want to sell domestically made goods or imported items? Please explain why you made this choice.
2. If you wanted to sell a good or service to customers in other countries, what sorts of items do you think you could export?
3. In your opinion, should the United States' Federal Government support companies that want to enter export markets? Please explain.
In a simple model of duopoly, two company manufacture the same good, for which each firm charges either a low or a high price. Each firm wants to achieve the highest profits.
You are the owner of a local honda dealership. Unlike other dealerships in the area, you take pride in your "no haggle" sales policy. Last year, your dealership earned record profits of $1.5 million. However, according to the local Chamber of Comm..
1. if you owe money to a bank. will you gain or lose from an unanticipated decrease in inflation?2. how could inflation
Why would division of labor without trade not work? How does having information affect choices that consumers make? What caused clean air to become scarce over time?
Explain how would the number of workers hired (variable input) change. This is a profit maximizing firm, also explain the profit maximization condition the firm uses.
Explain how does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns.
Consider the idealized cycle of health information in evidence-based medicine where database systems offer information sharing service for doctors, medical researchers, medical institutions, and patients.
How do average variable cost, average fixed cost, and marginal cost vary as production levels for a firm are increased? Draw a curve for average fixed cost (AFC) as production increases, and explain why the curve continuously decreases.
A tax on dairy products is one public policy initiative that the government might consider. Perform appropriate economic analysis to explain how such a tax could be used to address the animal welfare and environmental concerns raised in the articl..
If the government starts welfare policy which pays B to all non workers and 0 to all workers, at what value of B will Mike opt out of the labor force and go on welfare?
In the late 1990's "mad cow" disease caused people to buy less beef. It also caused the European Union to ban imported British beef and the British government to ban the sale of older cattle. What is the effect of the above on price and quantity o..
the marketplace in which it operates the role of government regulations of company and any issues or opportunities that the Home Depot faces.
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