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How can products produced by high-wage workers in the U.S. compete with products manufactured by African workers who earn much lower wages?
What does this parity say about the potential standard of living in the country you chose? What does it say about the potential wage level?
Which were once a significant part of the U.S. economy. How has this shift affected economic well-being locally? How do the gains compare to the losses?
Discuss the factors that you believe give America such an advantage. In addition, is it better for a country to export more or to import more?
Tariffs indirectly limit imports by imposing taxes on imported items whereas quotas directly limit. Are you in favor of tariffs and quotas or against them?
What are two key characteristics of developing nations? How can marketing managers in developed nations help developing nations?
What forces are at work demanding low-skilled labor in the developing world? What could a country do to improve the types of skills demanded of its labor?
Think about how each story treats the idea of profit even when financial gain is not at stake (particularly in the Miller's Tale).
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience.
Evaluate and present the economic basis for limit pricing, and identify the conditions under which a firm can profit from such a strategy.
Describe how goals, constraints, incentives, and market rivalry affect economic decisions. Explain how beliefs and strategic interaction shape optimal decision.
What would you do to solve the macroeconomic issues you addressed if you were in charge of the U.S. economy? State why.
Explain the economic impact of implementing telepsychiatry in a community hospital emergency department.
Watch the video The Future of Trade, at the World Economic Forum (WEF), then provide a summary of what was discussed in the video, the main topics.
Describe how a country can measure its income inequality. Evaluate whether increasing opportunities for higher education can reduce income inequality.
Give examples from your employment history where you witnessed moral hazard in the workplace. What were the incentives that gave rise to moral hazard?
Do you agree or disagree with the results of the study? What do you think are other vital considerations that should be taken into account in the study?
What are the three aspects of economic growth that Professor McEwan points out as the most significant? Do you agree that they are problematic?
Discuss the goals of expansionary and contractionary monetary policies used by the Federal Reserve Bank and the approaches.
You need to identify only two specific issues related to unemployment. You will study their past trends, provide an overview of their current status.
Discuss the effect of each policy on GDP, price level, private investment (investment in capital acquisition by firms and housing by households), and net trade.
Explain how beliefs and strategic interaction shape optimal decisions in oligopoly environments.
How would these internal economies of scale and/or external economies of scale influence international trade?
What is a normal profit? What is an economic profit? Explain your answer using examples. Are normal profits being earned in this example?
Explain and evaluate the mathematical proposition underlying the Theory of Population crisis put forward by Thomas Malthus.