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In a speech before the American Society of Newspaper Editors (April 16, 1953), President Eisenhower stated: "Every gun that is made, every warship launched, every rocket fired signifies, in the fina
Derive the equation for the IS curve, Y = kAp. Graph the IS curve for interest rates between 0 and 8, with intervals of one-half of a percentage point.
Graph the demand for dollars and supply of dollars against the exchange rate. What is the value of the equilibrium exchange rate?
Which of the following transactions would contribute to a US current account surplus and why? Make sure that you justify, in each case, why the transaction would or would not contribute to a current
Problem 1: How do international sanctions, tariffs, quotas, and trade restrictions affect international trade and costs of production?
The Internet has allowed for increased trade in services sch as programming and technical support, a development that has lowered the prices of such services relative to manufactured goods.
When the U.S. imposes a tariff or quota on imports, who pays it? Who benefits from a tariff or quota? What is the impact of a trade surplus? What is the impact of a trade deficit? How do politics af
Can the Heckscher-Ohlin Model explain the position of the developing countries? What about the developed countries? Explain how these two positions are or are not consistent with this model.
Problem: Describe the difference between countervailing duties and antidumping duties. Has the United States ever imposed such duties?
Consider the same setup as previous questions, but instead of introducing free trade (free movement of goods and services), we introduce free mobility of skilled and unskilled labor. Question 1: In
Which of the following is a normative statement? a. international trade leads to expanded consumption opportunities, b. higher expenditures on health care will reduce infant mortality rates c. we woul
Based on your reading, which market structure is most applicable for the market for soybeans? This product is homogeneous and produced by many different farmers. There is free entry, and the product
Explain some models that predict the effect that reducing protection (Tariffs) will have on factor prices (Labour and capital)? Use these models to analyse the effect that reducing protection would
Assume that you now earn $142 for each box of kitchen gadgets. In addition assume that the economy has entered a period of deflation. What is the rate of deflation at which falling prices will make
Explain the national defense, declining industries, and infant industry arguments for protecting a domestic industry from international competition.
What did Adam Smith mean when he wrote "Seldom do businessmen of the same trade get together but that it results in some detriment to the general public"? You may also wish to discuss the behavior o
Explain what each of the following terms are, and explain how each is used in the standard model. - isovalue lines - production possibilities frontier - indifference curve
Describe the prisoner's dilemma. Provide a numerical example using China and Mexico as the two countries, and use producing or not producing steel components as the two options facing each nation.
Why should countries engage in international trade rather than remaining self-sufficient and avoiding the unfair competition of low paid foreign workers?
These are some of the topics I came up with that perhaps you could touch on with some references... Market summary, Market demographics, Market needs, Market trends, Market growth, pros and cons, an
What are the gains and losses of international trade? What happens when tariffs are imposed, in terms of the importing and exporting countries?
Lists three arguments for trade restrictions. Since economists do not favor trade restrictions, make the case as an economist against trade restrictions for these three items.
Choose one country for analysis and respond to the following questions: Question 1. What type of trade restrictions does this country use?
Are there any similarities between the principle of comparative advantage and absolute advantage? Are there any differences between the two principles? What are the sources of comparative advantage?
What are the advantages and disadvantages of using import-substitution to accomplish industrialization rather than using government aid and private investment to develop new manufacturing industries