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Realizing that the major function of profit is to allocate resources according to consumer preferences, why are some groups in the U. S. extremely critical of corporations that earn growing profits? Is this criticism a function of large CEO salaries or is something else driving these attacks?
Explain How do economists distinguish between the absolute and relative sizes of the public debt? Why is the distinction important?
U.S. railroads in the 19th century were M- form organizations based on geography. Why might a large railroad be better organized as M-form than U-form
Suppose that the inflation rate in the United State and japan are 4 percent and 2 percent, respectively and that the current spot rate is $.0083333 per Japanese yen or 120 Japanesse yen per one percent dollar.
Since Fall of 2012, the price of oil has shown a steady decline as continued increase of global oil production that has far exceeded the rising demand for oil. Accordingly, many analysts in the energy field have had predicted the likelihood of fur..
Determine the disadvantages of forming corporate joint ventures between multinational corporations in the home and host country? Describe the theory of optimum currency areas, for example, the European economic community.
In recent years the exchange rate of the $ has been noticeably high against the yen. If for some reason investors around the world now decide that this increase is a temporary phenomena and that the $ will fall relative to the yen in coming months..
The Internet has permitted for raised trade in services such as programming and technical support, a development that has reduced the prices of such services relative to manufactured goods.
The firm you work for is expanding its business and would like to start to trade with another nation.
Describe both foreign income and repatriation of earnings using 3-examples that any worker can understand.
In response to what seemed to be a flood of illegal aliens, Congress made it a federal offense to employ illegals and strenuous, effective efforts are made to export them. How will these measures affect the U.S. production possibilities frontier
If you were a tobacco farmer and had two loads of tobacco that were of different qualities, which would you supply as money and which would you supply for smoking.
Suppose inflation rate in Philippines is 100% over one year, but the inflation rate in Japan is only 3%. According to relative PPP, what should happen during the year to the Japanese yen exchange rate against the Philippine peso
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