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In a committee meeting of the United Nations you are considering the following questions: Question 1. When is international trade an opportunity for workers? When is it a threat to workers?
Which country has the comparative advantage in producing guns? What would be a mutually agreeable rate of exchange between the countries?
Question 1. Discuss the corporation’s business activities in a foreign host country. Question 2. Discuss the comparative advantages for the firm to operate in the host country.
Assume the given output and labor hours for Russia and Germany in producing Wheat and Cloths. Q1. Which country has the comparative advantage in wheat? Q2. Which country has the comparative advantage
Question 1: Explain absolute and comparative advantage for India and Nepal. Question 2: If each country has 1000 person-days of labour, construct each country's production-possibility curves.
Question 1. How do changes in interest rates, inflation, productivity, and income affect exchange rates? Question 2. Is a strong U.S. dollar always good for the U.S. economy? Why or why not?
Economists strongly support which of the following arguments in favor of protectionism?
Assume the US can produce Toyotas at the cost of $18,000 per car and Chevrolets at $16,000 per car. In Japan, Toyotas can be produced at 1,000,000 yen and Chevrolets at 500,000 yen. In terms of Chev
Question 1. Is Wal-Mart too big? Or should it be allowed to grow even bigger because of its benefits to us? Why? Question 2. Explain comparative advantage and why it is good for us.
Suppose that the United States can produce 500 million barrels of oil or 200 million pairs of tennis shoes a day. Egypt can produce 750 million barrels of oil or 300 million pairs of tennis shoes a
As the French franc appreciates in value relative to the U.S. dollar, what happens to the price of U.S. goods in France? What happens to the price of French goods in the U.S.?
Calculate the opportunity cost for providing health care in terms of how much of "all other goods" needs to be given up for each of combinations given above for both Country X and Country Y.
Question: What is the theory behind international trade? Has globalization been good for the United States?
Question 1. Other than economies of scale, what would you consider to be barriers to entry into a market? Are these barriers the same for all market structures? Explain your response. Question 2. Ho
Who benefits from a tariff or quota? Who loses? What are the positives and negatives of protectionist trade policies on the federal government's part? Which policy is best right now?
Suppose that you test the Linder hypothesis by comparing Germany's absolute difference in per capita income from each of its trading partners with the size of Germany's total trade with each respect
Q1. Calculate Canada's opportunity cost of one tonne of wheat. Q2. Calculate Chile's opportunity cost of one tonne of copper ingots.
Using some or all of the following, compare some of the most popular online auction sites: - Pricing strategies - Oligopoly - Porter's 5 forces framework
Problem 1. Why do you think it will be interesting to focus in the economic ideas of Walmart? Problem 2. How you think macro-economics applies to Walmart? What would it contribute to your understand
In a day production, firms in Israel can produce 77 microprocessors or 24 ballistic missiles. Firms in the United States can produce 88 microprocessors or 14 ballistic missiles. Which country has th
In the Ricardian model, everyone seems to benefit from trade. However, the Heckscher-Ohlin model seems to show that some lose from trade as well. Who are the losers in the HO model, and how do they
If the government imposes a tariff on an imported good, what will happen to government revenue?
Fairness in Foreign trade is essential for the benefit of all the countries engaged in importing or exporting to and from each other. But to derive maximum benefit out of the trade must observe reci
Firms hurt by cheap imports typically argue that restricting trade will save U.S. jobs. What's wrong with this argument? are there ever any reasons to support such trade restrictions?
An example of a macroeconomics model is a. the price of chicken influences the quantity of chicken bought b. the size of the total national output depends on the size of total spending c. the output o