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The Brexit vote symbolizes a sense of nationalism that is sweeping the globe. Opening borders to immigrant workers and free trade are viewed differently by recent leaders. For example, Donald Trump is calling for a re-write of NAFTA, trade sanctions on China because China is manipulating their currency to benefit their trade, and a "fair" rather than "free" trade policy with other US trading partners, particularly those in the Pacific Rim. What is his rationale for adopting such a position? Simple, to save American jobs. In this paper, you are expected to review the pros and cons of nationalism's impact on trade. What will happen to American wages, employment, and prices? Should more strict policies on immigration and free trade be enforced? Are there parallels between the Trump attitude toward trade and immigration and the British decision to LEAVE the EU? Also, provide your opinion on the issue.
if the policy interest rate is near zero what less conventional monetary policy tools might a central bank use to
1. Explain why no nation is interested in taking the first and unilateral step of cleaning up the air (Hint: consider public goods). 2. Why are governments pressured to solve the global warming problem
What is themaximum that the government would be willing to pay for the patent? (Hint: the government would liketo maximise total surplus of producers and consumers in the market, but is not willing to pay more thanthe total surplus generated by th..
Assume you are the manager of a California winery. How would you expect the following events to affect price you will receive for a bottle of wine?
In order to maximize profits, monopolies produce where: MARGINAL REVENUE = MARGINAL COST
How does this operating objective change the size of the deadweight loss. If you are a "benevolent" manager of a monopoly firm and are interested in reducing the deadweight loss of monopoly, should you maximize profits or maximize revenue.
In a popular ski resort town, the (inverse) demand for ski jackets is P=476-1.5Qd and (inverse) supply is P=80+.5Qs. Find the market equilibrium quantity and price for ski jackets.
Suppose if the economy currently has a frictional unemployment rate of 2%, structural unemployment of 2%, seasonal unemployment of 0.5%, and cyclical unemployment of 2%, determine the natural rate of unemployment?
Discuss briefly what you think the way in which the HDI is constructed. (Briefly means no more than five lines of text. Excesses are severely penalised.)
could you have both a comparative and absolute advantage in trading. If so, what if at all would be the benefit for your country to trade with any other country.
Some politicians in countries that are the recipients of large numbers of immigrants advocate adopting laws requiring immigrants to learn the local language within a specified period of time.
What is the CGAP effect? According to the CGAP effect, what is the relation between changes in interest rates and changes in net interest income when CGAP is positive? When CGAP is negative?
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